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>>> gop senators gathering a short time ago regarding the fiscal cliff. senator john barrasso joins us where things stand at this very moment. and whether a deal will get hammer through tonight in the senate. that is coming up. do you ever have too much money? i touched the ball before it went out, coach. come on, alex, the ref did not call that! i touche it's their ball. team! alex. alex, good call. ♪ . adam: all this talk about the fiscal cliff could make you forget there are other hot spots in the world so we're going to turn our attention to the middle east and some potentially troubling news from iran. officials there repor a successful test after surface-to-air missile during military drills taking place near the strait of hormuz. the strait, which the iranians have threatened to close, is a crucial passageway for 20% of the world's oil. what could this an here in the united states? with me now is michael rubin, resident scholar at the american enterprise institute and a happy new year to you, sir. what does it mean for the united states? does it
>>> gop senators gathering a short time ago regarding the fiscal cliff. senator john barrasso joins us where things stand at this very moment. and whether a deal will get hammer through tonight in the senate. that is coming up. do you ever have too much money? i touched the ball before it went out, coach. come on, alex, the ref did not call that! i touche it's their ball. team! alex. alex, good call. ♪ . adam: all this talk about the fiscal cliff could make you forget there are other...
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cliff. no vote yet, no agreement yet. and not a lot of time left. can you say one more day? we're going to start with the secretary of state, hillary clinton, hospitalized with a blood clot. it was discovered today during a follow-up exam. doctors say it is related to a concussion she suffered earlier this month. you'll recall the former first lady was suffering from a stomach virus when she fainted. i want to bring in cnn's chief medical correspondent, dr. sanjay gupta. she was just cleared to return to work this week, and now this. >> first of all, there are a couple things that are important. admittedly, the details are vague, don. it sounds like she went in for a routine exam, they found a clot, a blood clot, they did not specify where this clot was located. she's hospitalized on blood thinners, anti-coagulants, as you mentioned. these are important points. from a medical perspective, first of all, finding this on a routine exam means that she didn't go in for some particular new problem
cliff. no vote yet, no agreement yet. and not a lot of time left. can you say one more day? we're going to start with the secretary of state, hillary clinton, hospitalized with a blood clot. it was discovered today during a follow-up exam. doctors say it is related to a concussion she suffered earlier this month. you'll recall the former first lady was suffering from a stomach virus when she fainted. i want to bring in cnn's chief medical correspondent, dr. sanjay gupta. she was just cleared to...
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negotiations on capitol hill stalled in the final hours to avert falling over the fiscal cliff. senate leaders need to put something together to avoid tax increases for everyone and big spending cuts. a make or break deal may come down to just a few lawmakers. >> it remains to be seen whether the republicans being driven by an extreme group of house members, will allow our economy to hurt because of their desire to protect multimillionaires in this country. and i think that's what's going to boil down to. >> any plan would need house speaker john boehner to bring it to the floor for a vote. tom cole says he's confident boehner can get the plans he needs. >> on the speaker's plan
negotiations on capitol hill stalled in the final hours to avert falling over the fiscal cliff. senate leaders need to put something together to avoid tax increases for everyone and big spending cuts. a make or break deal may come down to just a few lawmakers. >> it remains to be seen whether the republicans being driven by an extreme group of house members, will allow our economy to hurt because of their desire to protect multimillionaires in this country. and i think that's what's going...
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the house passed legislation to avoid the fiscal cliff. senate democrats have not. if the president and lawmakers cannot reach a deal in the next five days, automatic tax hikes and major spending cuts are set to kick in and economists warn that could trigger another recession. what else are we hearing from democrats on the hill? >> trace, very interesting comments from vice president joe biden up here for an unrelated matter about the fiscal cliff today. he says, essentially he was asked what do you think will pass? he said if you tell me what would attract republican support, i can tell you what would pass. if asked if he was optimistic, he said he was neither optimistic or pessimistic but was going back to talk to the president. the senate majority leader sounded frustrated with house republican leadership. >> american people i don't think understand the house of representatives is operating out the house of representatives. it's being operated with a dictatorship of the speaker, not allowing the vast majority of the house representatives to get what they want. >>
the house passed legislation to avoid the fiscal cliff. senate democrats have not. if the president and lawmakers cannot reach a deal in the next five days, automatic tax hikes and major spending cuts are set to kick in and economists warn that could trigger another recession. what else are we hearing from democrats on the hill? >> trace, very interesting comments from vice president joe biden up here for an unrelated matter about the fiscal cliff today. he says, essentially he was asked...
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to avert the "fiscal cliff." >> republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> reporter: house members will return to capitol hill on sunday and could begin voting that night. they would have about 24 hours to approve a deal. adding to the urgency, treasury secretary timothy geithner warned congress that the nation's debt limit will be reached by december 31st and extraordinary measures would have to be taken to avoid default on the government's loans. danielle nottingham, cbs 5, washington. >> tomorrow's meeting with the president will be the first time president obama sat down with all four leaders since november 16th. and tonight, senator mitch mcconnell said that he was interested in hearing what the president proposes, elizabeth. >> sounds like right now there's a lot of finger- pointing but not a lot of problem-solving. >> reporter: exactly. and both sides again today, house speaker john boehner, he was saying that to his house republicans on the conference call he said, look
to avert the "fiscal cliff." >> republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> reporter: house members will return to capitol hill on sunday and could begin voting that night. they would have about 24 hours to approve a deal. adding to the urgency, treasury secretary timothy geithner warned congress that the nation's debt limit will be reached by december 31st and...
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. >>> this morning they are still trying to form a last minute compromise to avoid the fiscal cliff. >> the deal they're considering only kicks the cans down the road again. >> senate republican leader mitch mcconnel left the capitol tight lipped by smiling after working behind doors to avoid the so-called fiscal cliff. he and harry reid are working on a scale down agreement that focuses on avoiding a middle class tax hike. the plan is to present it to the senate for a vote on sunday and then send it over to the house. house speaker john boehner was at the capitol but left with no comment. the democrats insist the wealthy pay more in taxes. >> the president's tax hike would only fund the government for l days. americans deserve to know what does the president propose we do for the over 357 days of the year. sdmrsz -- >> president omaba insists his plan on the table is fair and includes plenty of cuts to government spending. >> we just afford a wound to our economy. >> if sunday's negotiations don't pan out the president says he's red to -- he's ready to propose his own scaled back bi
. >>> this morning they are still trying to form a last minute compromise to avoid the fiscal cliff. >> the deal they're considering only kicks the cans down the road again. >> senate republican leader mitch mcconnel left the capitol tight lipped by smiling after working behind doors to avoid the so-called fiscal cliff. he and harry reid are working on a scale down agreement that focuses on avoiding a middle class tax hike. the plan is to present it to the senate for a vote...
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the senate plowed through the ball drop into the early hours of 2013 on their side of the fiscal cliff deal. as if your hangover isn't bad enough, time is running short for the house to act. we're just two hours away from speaker boehner reconvening that chamber to do what? we still don't know. maybe they'll vote. maybe they'll debate. good morning. i'm mara schiavocampo. happy new year on a busy first day of 2013. well, most of us were celebrating into the wee hours of new year's eve while the senate was passing a deal to avoid the worst of the fiscal cliff hangover. the bill passed by a wide margin 89-8 setting up a showdown in the house which will convene at high noon on this new year's day. republican mitch mcconnell said the process wasn't pretty but got the job done. >> each of us could spend the rest of the week stusing what a perfect solution would have looked like but the end result would have been the largest tax increase in american history. it took an imperfect solution to prevent our constituents from a very real financial pain. in my view, it was worth the effort. >> nbc'
the senate plowed through the ball drop into the early hours of 2013 on their side of the fiscal cliff deal. as if your hangover isn't bad enough, time is running short for the house to act. we're just two hours away from speaker boehner reconvening that chamber to do what? we still don't know. maybe they'll vote. maybe they'll debate. good morning. i'm mara schiavocampo. happy new year on a busy first day of 2013. well, most of us were celebrating into the wee hours of new year's eve while the...
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fury erupts over the senate fiscal cliff bill. will the house try to amend that bill? if so, what happens next? this is "special report." ♪ ♪ >> bret: good evening. i'm bret baier. happy new year. here in washington, the first day of 2013 is looking a lot like the last day of 2019. what started out with hope and optimism for a deal, devol ofed quickly to uncertainty about the way forward. i'm talking about the fiscal cliff bill. we look like at the fiscal cliff, the house republicans are meeting to chart a way forward. the senate passed legislation with overwhelming support this morning. the fiscal cliff legislation. when it made its way across the capitol to the republican controlled house, g.o.p. lawmakers immediately expressed concern about the lack of spending cuts. with the house majority leader publicly and bluntly stating he does not support the bill and the republicans are still at this time, as you look live behind the doors meeting at this hour, they are planning a vote series at some time. but we don't know when. it may include amending the senate bill a
fury erupts over the senate fiscal cliff bill. will the house try to amend that bill? if so, what happens next? this is "special report." ♪ ♪ >> bret: good evening. i'm bret baier. happy new year. here in washington, the first day of 2013 is looking a lot like the last day of 2019. what started out with hope and optimism for a deal, devol ofed quickly to uncertainty about the way forward. i'm talking about the fiscal cliff bill. we look like at the fiscal cliff, the house...
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harry reid is addressing the senate. this is days before the fall off of the fiscal cliff. senate democrats are telling republicans get out of the way of a last-minute deal, accept tax increases for people making $250,000 a year. get out of the way. accept that. joining us is the founder of the media research center. blame if problem is spending and neither side is being serious about spending. neither side is. stuart: when you put your finger on it. they are politicians, are they not? they have to have in the back of their mind, they are politicians. they have to bear in mind the next election can they get reelected? can any politician get reelected by saying i am going to cut entitlements, cut spending? you are going to lose something? >> do you realize we have been doing this for 25 years? do you understand why we are in the mess we're in now? for 25 years both sides kicked the ball down and that is why we have not had a budget in three years. nobody wants to take a stand. every single republican, republican ran for office on the pledge to hold the line on taxes and cut
harry reid is addressing the senate. this is days before the fall off of the fiscal cliff. senate democrats are telling republicans get out of the way of a last-minute deal, accept tax increases for people making $250,000 a year. get out of the way. accept that. joining us is the founder of the media research center. blame if problem is spending and neither side is being serious about spending. neither side is. stuart: when you put your finger on it. they are politicians, are they not? they...
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>> no rest for lawmakers as a late night deal is reached in the senate on the fiscal cliff. but the u.s. still poised to go over the cliff. >>> but even as the country rang in the new year the deadline for that deal was passing. what happens next for lawmakers? and what impact is it going to have on your wallet? >> also we're learning new details about secretary of state hillary clinton's blood clot in her head. we'll have the latest on her treatment. and her prognosis. >>> happy new year. >> happy new year. >> good morning, welcome to "early start" everyone. i'm john berman. >> i'm ali velshi. >> and i'm christine romans. zoraida is off today. it is 6:00 a.m. right now on the nose. well 20 seconds away. >> and breaking news. can you feel it? we're actually over the fiscal cliff. so, now it's up to the republican-controlled house to pull us back. here's what happened while you were sleeping, or sleeping or dg else. a deal crafted by vice president joe biden and minority leader mitch mcconnell passed the senate by a margin of 89-8. that vote wrapped up after 2:00 a.m. eastern
>> no rest for lawmakers as a late night deal is reached in the senate on the fiscal cliff. but the u.s. still poised to go over the cliff. >>> but even as the country rang in the new year the deadline for that deal was passing. what happens next for lawmakers? and what impact is it going to have on your wallet? >> also we're learning new details about secretary of state hillary clinton's blood clot in her head. we'll have the latest on her treatment. and her prognosis....
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a bill to avoid the so-called "fiscal cliff." >> the bill as amended is passed. >> reporter: the senate voted 89-8 to avoid tax hooks for 99% -- to avoid tax hikes for 99% of all americans. >> this shouldn't be the way we do things but i think we have done some good for the country. >> reporter: if the bill becomes law, the bush-era tax cuts will be permanently extended for everyone making less than $400,000 a year. and families making less than $450,000 a year. it will also keep the alternative minimum tax for the wealthy from hitting millions of middle class families. >> middle class families will wake up today to the assurance that their taxes won't go up $2,200 each. >> reporter: the senate agreement delays a $110 billion in spending cuts that were due to kick in today for another two months. because the bill doesn't address spending, getting it passed in the house could be much tougher. >> the fact that the president won't challenge his party on spending cuts is disgusting. it's just disgusting. >> reporter: president obama wanted to dole with taxes and spending cuts at the same ti
a bill to avoid the so-called "fiscal cliff." >> the bill as amended is passed. >> reporter: the senate voted 89-8 to avoid tax hooks for 99% -- to avoid tax hikes for 99% of all americans. >> this shouldn't be the way we do things but i think we have done some good for the country. >> reporter: if the bill becomes law, the bush-era tax cuts will be permanently extended for everyone making less than $400,000 a year. and families making less than $450,000 a...
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the fiscal cliff deal passed by the senate? will hard line conservatives make it sxwobl in back now is reid wilson and ryan grim. thank you for coming back. >> hey. >> thanks for having us. >> do you think this bill will pass the houshgs and if not will democrats preferred to make further concessions? >> i think it will pass the house eventually. this is one of those moments, though, when i think speed is probably on the side of -- or, rather, it would benefit those who want to pass this bill. the faster you're able to get something to the floor and get it through a vote, the more likely you are to attract these conservatives and liberals, by the way, who might otherwise find a reason to vote against it. if the longer they take their time to sort of talk it through and go through the bill's details moment by moment, the more you'll get pressure from the outside and pressure from groups like everybody from the progressive campaign committee on the left to the heritage action and for growth on the right. the outside influences wi
the fiscal cliff deal passed by the senate? will hard line conservatives make it sxwobl in back now is reid wilson and ryan grim. thank you for coming back. >> hey. >> thanks for having us. >> do you think this bill will pass the houshgs and if not will democrats preferred to make further concessions? >> i think it will pass the house eventually. this is one of those moments, though, when i think speed is probably on the side of -- or, rather, it would benefit those who...
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cliff to deal with this fiscal cliff. again, a total lack of courage, lack of leadership. >> senator corker does congress realize how ridiculous this looks to the american public duelling press conferences, zero substance. we are minutes away from a deadline here and it doesn't look like anyone in washington is taking it seriously. >> i think most of us understand it. i think you guys know that i've laid out a very detailed bill to deal with it. i shared it with the white house, with speaker boehner, with leaders at every level. i've put forth an entitlement reform package. the problem is we don't want to face up to the tough issues that our nation is dealing with and yes, i think we understand that. we should not be having back room meetings. the reason we have the closed door meetings is again we don't have the courage to debate these issues out on the senate floor. >> so that no one gets the blame, instead everybody gets the blame. >> that's exactly right. >> i want to ask you a question about speaker boehner and plan
cliff to deal with this fiscal cliff. again, a total lack of courage, lack of leadership. >> senator corker does congress realize how ridiculous this looks to the american public duelling press conferences, zero substance. we are minutes away from a deadline here and it doesn't look like anyone in washington is taking it seriously. >> i think most of us understand it. i think you guys know that i've laid out a very detailed bill to deal with it. i shared it with the white house,...
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. >> the senate passes a bill to ease the pain of the "fiscal cliff." the one final hurtle to cross in the next couple of hours. >> reporter: tens of thousands lined up on the embarcadero to take in the new year's eve fireworks but police say some celebrations turned violent. we'll have the details in a live report. >>> and a ritzy new york couple busted with weapons and a bomb stash. but that's not all. the book that has police so concerned. keep it right here. we'll be back. ,,,, p [ female announcer ] pillsbury crescents on their own are fantastic but add some sauce, pepperoni and cheese and fold up the crescent dough...and presto! tuesday night just became crescent pizza pocket-tastic pillsbury crescents. let the making begin here's a better idea. pillsbury grands! flaky layers biscuits in just 15 minutes the light delicate layers add a layer of warmth to your next dinner. pillsbury grands biscuits dance class, shopping, and more. so do something nice for it. chevron with techron. care for your car. i'm grace lee michelle has the >>> america rings i
. >> the senate passes a bill to ease the pain of the "fiscal cliff." the one final hurtle to cross in the next couple of hours. >> reporter: tens of thousands lined up on the embarcadero to take in the new year's eve fireworks but police say some celebrations turned violent. we'll have the details in a live report. >>> and a ritzy new york couple busted with weapons and a bomb stash. but that's not all. the book that has police so concerned. keep it right here....
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congress is cutting it close to avoid the fiscal cliff yesterday senate majority leader harry reid blasted speaker boehner for letting lawmakers go on vacation. house makers are not due back until sun -- house lawmakers are not due back until sunday. boehner said the house will take action on whatever the senate can pass. >>> all the early season rain and snow we've been getting has water experts optimistic about california's water supply. the storms have replenished many reservoirs snow has increased snow back to nearly 150% of normal. >> partial supply in the barn either in reservoir storm or snow pack. however, it still depends on the remainder of the season 2/3 of the wet season is still let. >> snow pack runoff normally provides cal with a third of its water supply. >>> more -- more water on the way. >> this storm is so close to the coast it probably won't get snow in the sierra. good morning. because the storm is so close to the coast we have a high surf advisory be detail out there, dangerous rip currents as the storm passes today through tomorrow. beautiful picture from mount tamal
congress is cutting it close to avoid the fiscal cliff yesterday senate majority leader harry reid blasted speaker boehner for letting lawmakers go on vacation. house makers are not due back until sun -- house lawmakers are not due back until sunday. boehner said the house will take action on whatever the senate can pass. >>> all the early season rain and snow we've been getting has water experts optimistic about california's water supply. the storms have replenished many reservoirs...
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the senate's fiscal cliff deal would kick that can down about two months to march. a lot of federal agencies trying to figure out what's that going to mean down the road? and then there's the continuing budget resolution which uses short-term band aids. the current resolution expires towards the end of march. so, before you think that we've averted any kind of fiscal cliff, we're actually hanging off of it by our fingernails waiting for the house to fix it and you've got all these other deadlines. >> it's no joke. we have gone to the brink on each one of those three things. >> that's the way we do it now. we wait until the absolute last minute to get things done. >> let me give you the glass half full here. we are in -- >> half full of champagne. >> we're in an environment of risk, we're not making it worse type environment. we're doing things to embrace the deficit and the debt. slowly but we're doing it. >> the problem not having a budget really is fundamentally a problem. the government does all sorts of things, passes all sorts of resolutions whether you like th
the senate's fiscal cliff deal would kick that can down about two months to march. a lot of federal agencies trying to figure out what's that going to mean down the road? and then there's the continuing budget resolution which uses short-term band aids. the current resolution expires towards the end of march. so, before you think that we've averted any kind of fiscal cliff, we're actually hanging off of it by our fingernails waiting for the house to fix it and you've got all these other...
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just two hours into the new year, though, the senate votes in favor of a deal to avoid the fiscal cliff. >> the yeas are 89, the nays are 8, 60-vote partial having been achieved, the bill as amended is passed. >> so, now it's all up to the house, where lawmakers will pick up the measure at 12:00 noon today. >>> meantime, in good spirits. doctors report secretary of state hillary clinton is making progress while being treated for a blood clot in her head at new york hospital. >> three, two, one! >> and ringing in 2013. close to a million people packed new york's times square to watch the ball drop and celebrate 2013. good morning, everyone. it is january 1st. welcome to this special new year's edition of "msnbc live." i'm chris jansing. >>> well, we do have a deal, but it's not a done deal just yet. a little bit after 2:00 eastern time this morning, two hours after the u.s. economy officially went over the fiscal cliff, the senate passed a deal to avert its worst effects. the bill passed easily. it was a vote of 89-8, and it set up a showdown in the house which will convene four hours fr
just two hours into the new year, though, the senate votes in favor of a deal to avoid the fiscal cliff. >> the yeas are 89, the nays are 8, 60-vote partial having been achieved, the bill as amended is passed. >> so, now it's all up to the house, where lawmakers will pick up the measure at 12:00 noon today. >>> meantime, in good spirits. doctors report secretary of state hillary clinton is making progress while being treated for a blood clot in her head at new york...
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have come up with a brplan to deal wh the fiscal cliff. senate democrats out of a immediating with joe biden indicate there is a strong democratic support for the plan. it is not clear if we will see a vote in the senate tonight. the house remain as juniored until noon tomorrow. no matter what, the nation will go off the cliff in a few minutes, at mid might eastern, at least temporarily. nancy pelosi released a statement, just a short time ago, saying in part "when a final agreement is reached and passed by the senate, i will present it to the house democratic caucus." for republican reaction, let's bring in political analyst and former chair of the rnc, michael steele, happy almost new year. >> happy almost new year, milissa. did you ever think this is what we would be doing tonight? >> i did not. but in all fairness, we could have guessed it. what's your reaction? >> my reaction is, you know, typical washington, wait until the last minute. i'm wondering why we're doing this on new year's over, but a deal is a deal. in many respects, you
have come up with a brplan to deal wh the fiscal cliff. senate democrats out of a immediating with joe biden indicate there is a strong democratic support for the plan. it is not clear if we will see a vote in the senate tonight. the house remain as juniored until noon tomorrow. no matter what, the nation will go off the cliff in a few minutes, at mid might eastern, at least temporarily. nancy pelosi released a statement, just a short time ago, saying in part "when a final agreement is...
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house speaker john boehner is promising a quick vote on the "fiscal cliff" bill passed early this morning in the senate or an amended alternative. boehner has not endorsed the agreement which may face opposition from conservative lawmakers in the house. vice president joe biden negotiated the deal with senate republicans over the weekend. the agreement makes bush-era tax cuts permanent for individuals making under $400,000 a year and families making under $450,000. it also postpones harsh across- the-board spending cuts for a few months. >> this shouldn't be the model for how we do things around here, but i think we can say we've done some good for the country. >> middle class families will wake up today to the assurance that their taxes won't go up $2,200 each. >> reporter: president obama praised the senate agreement and urged the house to act without delay. capitol hill is quiet right now after an unprecedented late night. normally these halls would stay empty on new year's day but both the house and senate are in session with billions of dollars in spending cuts and tax increases on t
house speaker john boehner is promising a quick vote on the "fiscal cliff" bill passed early this morning in the senate or an amended alternative. boehner has not endorsed the agreement which may face opposition from conservative lawmakers in the house. vice president joe biden negotiated the deal with senate republicans over the weekend. the agreement makes bush-era tax cuts permanent for individuals making under $400,000 a year and families making under $450,000. it also postpones...
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the fiscal cliff. >> senator reid and mcconnell are working on such an agreement as we speak. but if an agreement isn't reached in time between senator reid and senator mcconnell, then i will urge senator reid to bring to the floor a basic package for an up-or-down vote, one that protects the middle class from an income tax hike, extends unemployment to the 2 million americans looking for a job and lays groundwork for more economic growth and deficit reduction. >> just moments ago, senator harry reid says he's readying a bill for a vote by monday. all this follows a rare face-to-face closed door meeting at the white house today between all the key players, the president, the vice president, the treasury secretary and all four congressional leaders huddled together with just four days to go before we all go overs fiscal cliff. that meeting lasted for an hour and five minutes. on a story where every second and every maneuver counts, let's get chief to white house correspondent jessica yellin. jessica, the president says he's modestly optimist being but each also presented a back
the fiscal cliff. >> senator reid and mcconnell are working on such an agreement as we speak. but if an agreement isn't reached in time between senator reid and senator mcconnell, then i will urge senator reid to bring to the floor a basic package for an up-or-down vote, one that protects the middle class from an income tax hike, extends unemployment to the 2 million americans looking for a job and lays groundwork for more economic growth and deficit reduction. >> just moments ago,...
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the house already passed legislation to avoid the entire fiscal cliff. senate democrats have not. the house will be in session on sunday. harris? >> molly henneberg with the latest outside the white house. thank you, molly. >> for now, rebuilding after disaster. >> when a tornado took out their church members of this community went to work and found inspiration in the wreckage. >> in the midst of the worse there is good things to come out. >> fixing a building while feeding the soul. that is coming up. >> harris: 200 tornadoes tore through the southern united states in a single day last year, killing more than 300 people. one of those twisters chewed up the town of tuscaloosa, alabama. 65 people died that day. it was among the deadliest single tornado outbreaks in u.s. history and turned much of that area including a church there to rubble. now, more than a year later that community is just starting to rebuild. elizabeth prann is live for us. what do the church members have to do to go through the process? >> had to get reimbursements from fema and from the insurance companies but
the house already passed legislation to avoid the entire fiscal cliff. senate democrats have not. the house will be in session on sunday. harris? >> molly henneberg with the latest outside the white house. thank you, molly. >> for now, rebuilding after disaster. >> when a tornado took out their church members of this community went to work and found inspiration in the wreckage. >> in the midst of the worse there is good things to come out. >> fixing a building...
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on the fiscal cliff. they are back on monday with roll call votes. live senate coverage on c-span 2. tomorrow on "washington journal," we are joined by the president of the committee for responsible federal budget. followed by the future of operations. washington journal is live at 7:00 a.m. eastern on c-span. more than 300 members of the u.k. youth parliament ages 11 to 18 gathered in the british house of commons for their annual debate. their students discussed five topics considered for the national campaign. these included public transportation costs, marriage equality, and others. the speaker of the house presided over the morning and afternoon sessions. such a calm and orderly chamber. [laughter] [inaudible] not together accustomed. it's the the forted meeting the u.k. youth parliament in the house of commons, and i want to underline just how hugely welcome you are by parliamently colleagues and i are thrilled by your presence all previous experience suggests you will speak well with passion a
on the fiscal cliff. they are back on monday with roll call votes. live senate coverage on c-span 2. tomorrow on "washington journal," we are joined by the president of the committee for responsible federal budget. followed by the future of operations. washington journal is live at 7:00 a.m. eastern on c-span. more than 300 members of the u.k. youth parliament ages 11 to 18 gathered in the british house of commons for their annual debate. their students discussed five topics...
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the house already passed legislation to avoid the entire fiscal cliff. senate democrats have not. joining me now from d.c. nbc news white house correspondent peter alexander. peter, there was word the last hour that the president may have sent some sort of deal. the white house then turning around saying that's not true at all. where was the confusion? >> reporter: well, you hear the frosty statements back and forth as you just indicated there, craig. ah, the holidays in washington. a lovely time, isn't it? right now it appears clear if there's conversation going on it is not happening between the primary players but perhaps between their surrogates, senior staff and others, between those on the hill and here at the white house right now but senior white house -- senior administration official told me a short time ago that there is no proposal being sent up to the hill today. harry reid, the senate majority leader, also denied that any such thing was taking place today. both of those denials do also come against the backdrop of the fact both sides acknowledged this is not somethin
the house already passed legislation to avoid the entire fiscal cliff. senate democrats have not. joining me now from d.c. nbc news white house correspondent peter alexander. peter, there was word the last hour that the president may have sent some sort of deal. the white house then turning around saying that's not true at all. where was the confusion? >> reporter: well, you hear the frosty statements back and forth as you just indicated there, craig. ah, the holidays in washington. a...
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the president holds a last-minute press conference and calls on the senate to act on the fiscal cliff. but with four days to go, will his push make a difference? >>> plus, politicians promised that the newtown shooting would change our national debate on guns. are those just empty promises? >>> we count down the top five political rivalries. who won, who lost, what it means for 2013. let's go "outfront." >>> breaking news. the president makes an 11th hour announcement tonight putting the pressure squarely on the senate so broker a deal on the fiscal cliff. >> senators reid and mcconnell are working on such an agreement as we speak. but if an agreement isn't reached in time between senator reid and senator mcconnell, then i will urge senator reid to bring to the floor a basic package for an up or down vote, one that protects the middle class from an income tax hike, extends the vital life line of unemployment insurance to 2 million americans looking for a job, and lays the groundwork for future cooperation on more economic growth and deficit reduction. >> and just moments ago, senator
the president holds a last-minute press conference and calls on the senate to act on the fiscal cliff. but with four days to go, will his push make a difference? >>> plus, politicians promised that the newtown shooting would change our national debate on guns. are those just empty promises? >>> we count down the top five political rivalries. who won, who lost, what it means for 2013. let's go "outfront." >>> breaking news. the president makes an 11th hour...
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graham, a couple of days ago you you said you thought we were going to go over the fiscal cliff. now, we are in the midst of a lot of last ditch pa bargaining between the senate leaders reid and mcconnell. what do you think of the chances for a small deal in the next less than 48 hours to avoid the cliff? >> exceedingly good. i think people don't want to go over the cliff if we can avoid it. i think what have we accomplished? political victory for the president. he stood his ground and he will get tax rate increases. maybe not at 250 but on upper income americans and the sad news for the country s that we accomplished very little in terms of not becoming greece or getting out of debt. this deal won't affect the debt situation. it will be a political victory for the president and i hope we will have the courage of our convictions when it comes time to raise the debt ceiling to fight for what we believe in asp republicans. but hats off to the president, he won. >> chris: you don't think some of the more conservative colleagues will filibuster or set up a procedural road block? they
graham, a couple of days ago you you said you thought we were going to go over the fiscal cliff. now, we are in the midst of a lot of last ditch pa bargaining between the senate leaders reid and mcconnell. what do you think of the chances for a small deal in the next less than 48 hours to avoid the cliff? >> exceedingly good. i think people don't want to go over the cliff if we can avoid it. i think what have we accomplished? political victory for the president. he stood his ground and he...
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on the fiscal cliff. >> where do things stand as far as a republican deal? >> republicans advanced a proposal last night and you heard senator mcconnell talk about it on the floor. we're still waiting for a counteroffer. there was an indication we would receive the by 10:00 this morning, but discussions still continue. senator mcconnell and vice president joe biden are continuing to discuss this and we think there still could be a path forward. democrats have come out and made a huge deal out of changing this and republicans are very concerned that it should not be used as an offset to reduce or replace some of the spending cuts that would occur and democrats put forward an alternative. this is a process. there's a lot of give-and-take going on. republicans do not want to see new revenue, democratic tax increases, being used for new spending. that is where many members are drawing the line. >> you all want to use this technical level, but it would really affect social security recipients in the sequester.
on the fiscal cliff. >> where do things stand as far as a republican deal? >> republicans advanced a proposal last night and you heard senator mcconnell talk about it on the floor. we're still waiting for a counteroffer. there was an indication we would receive the by 10:00 this morning, but discussions still continue. senator mcconnell and vice president joe biden are continuing to discuss this and we think there still could be a path forward. democrats have come out and made a...
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the senate trickles back into washington for a last attempt at the fiscal cliff compromise. shibani: team coverage, peter barnes standing by at reagan national airport where lawmakers are revising falling snow delays and we start with rich edson on capitol hill where the senate is finally in session but are going to get any work done? >> we will get work done but on a few unrelated issues, nothing to do with the fiscal cliff, they're talking about a couple other bills. president obama back in washington d.c. spoke to all the congressional leaders, top democrats and republicans in the house and senate, no update, or signs of real progress, senior administration official says this one is up to congress to figure out. house republicans say we need the senate to act, senators say we need republicans to act. terry reed hit the floor a short while ago and said it looks like we are headed over the fiscal plan and called on the house to set -- pass the senate plan. >> i see the speaker painting the escape hatch, put the economic base in your own state as speaker of the house. millio
the senate trickles back into washington for a last attempt at the fiscal cliff compromise. shibani: team coverage, peter barnes standing by at reagan national airport where lawmakers are revising falling snow delays and we start with rich edson on capitol hill where the senate is finally in session but are going to get any work done? >> we will get work done but on a few unrelated issues, nothing to do with the fiscal cliff, they're talking about a couple other bills. president obama...
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well, it turns out the fiscal cliff is going to be a cliff-hanger. with less than two days until the new year, senate leaders are still trying to work out a deal, to avoid tax increases on almost every american. but, any compromise will do close to nothing about our debt problem. joining us now, to discuss what kind of deal they will and won't vote for, are two key senators, democrat dianne feinstein and republican lindsey graham. senators, welcome back to fox news sunday. >> thank you. >> good morning. >> chris: senator graham, a couple of days ago you said you thought we were going to go over the fiscal cliff and now we are in the midst of a lot of last-ditch bargaining between the senate leaders, reid and mcconnell, what are the chances for a small deal in the next, less than 48 hours to avoid the cliff. >> exceedingly good. i think people don't want to go over the cliff, if we can avoid it. i think, whatever we accomplish, political victory to the president, hats off to him, he stood his ground and will get tax increases, maybe not 250 but upper
well, it turns out the fiscal cliff is going to be a cliff-hanger. with less than two days until the new year, senate leaders are still trying to work out a deal, to avoid tax increases on almost every american. but, any compromise will do close to nothing about our debt problem. joining us now, to discuss what kind of deal they will and won't vote for, are two key senators, democrat dianne feinstein and republican lindsey graham. senators, welcome back to fox news sunday. >> thank you....
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introduce legislation that would avert the fiscal cliff, but only if he gets assurances from republican leaders that they won't try to block it. that standoff is creating some tension on capitol hill that spilled on to the senate floor today. >> the senate will come to order. >> reporter: in the normally genteel senate, leader reid unleashed a tirade today about house speaker john boehner, accusing him of running a dictatorship in the house. >> speaker boehner is not willing to negotiate. we have not heard a word from leader mcconnell. nothing is happening. >> reporter: mitch mcconnell, the top republican in the senate, said it's reid who hasn't reached out for weeks. >> the phone never rang. and so now here we are, five days from the new year, and we might finally start talking. >> reporter: but talking about what? so far, reid has not introduced the scaled-down bill he was reportedly working on over the christmas holiday. sources say that bill would extend the bush-era tax cuts for americans making less than $250,000 a year. with the clock ticking, reid pointed a finger at the house o
introduce legislation that would avert the fiscal cliff, but only if he gets assurances from republican leaders that they won't try to block it. that standoff is creating some tension on capitol hill that spilled on to the senate floor today. >> the senate will come to order. >> reporter: in the normally genteel senate, leader reid unleashed a tirade today about house speaker john boehner, accusing him of running a dictatorship in the house. >> speaker boehner is not willing...
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this fiscal cliff. three budget standoffs. i mean, this congress has been uniquely atrocious. >> tom? >> the fact is the system is rigged. 75% of the congressmen come from gerrymandered districts in which they are bulletproof. they only play to one constituency. they have a choir back home. and that's a huge part of the problem here. there's another reality in this town today. we need a lighter moment here. a lot of folks as i was coming into the office today said they have to get it done by kickoff time tonight. >> that's right. >> it's a good thing nbc moved the kickoff to primetime. it's very important. >> david, i think it's also important to go back to the president's argument, that, you know, you have to be able to say yes to something that's reasonable. conservatives have argued that he's effectively exposed big internal divisions in the republican party that they have yet to work out, which prevents them from getting to a reasonable place of compromise to then move on to fight other battles. >> well, boehner was close
this fiscal cliff. three budget standoffs. i mean, this congress has been uniquely atrocious. >> tom? >> the fact is the system is rigged. 75% of the congressmen come from gerrymandered districts in which they are bulletproof. they only play to one constituency. they have a choir back home. and that's a huge part of the problem here. there's another reality in this town today. we need a lighter moment here. a lot of folks as i was coming into the office today said they have to get...
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senators ron johnson and bob corker, if a bargain is still possible organization if the fiscal cliff is now inevitable? plus a "squawk" market master is going to tell us how equities will react. mohamed el-erian is going to be coming on to weigh in. and 2012 marked a real turnaround in housing. major mortgage settlement gave thousands of borrowers a break on debt and a bottom in home prices pushed would-be buyers off the fence. here's diana olick with the outlook for real estate in 2013. >> the housing market will continue on the road to recovery, barring any unforeseen economic disasters. that's not a prediction, that's a fact. as the jobs picture slowly brightens households formation is expected to grow off its lows and that's good news for both the home builders and for investors in the rental market. housing starts, which will end in the 800,000 range this year, should top the 1 million mark in 2013, as big builders continue to see a jump in new orders, and investors continue to compete for distressed homes that used to be the builders competition. and speaking of distress, fewer
senators ron johnson and bob corker, if a bargain is still possible organization if the fiscal cliff is now inevitable? plus a "squawk" market master is going to tell us how equities will react. mohamed el-erian is going to be coming on to weigh in. and 2012 marked a real turnaround in housing. major mortgage settlement gave thousands of borrowers a break on debt and a bottom in home prices pushed would-be buyers off the fence. here's diana olick with the outlook for real estate in...
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this fiscal cliff, three budget standoffs. i mean, this congress has been uniquely atrocious. >> tom? >> the fact is the system is rigged. 75% of the congressmen come from gerrymandered districts in which they are bulletproof. they only play to one constituency. there are no swing states. they don't go home and have a case because they've got a choir back home. and that's a huge part of the problem here. there's another reality in this town today. we need a lighter moment here. a lot of folks as i was coming into the office today said they have to get it done by kickoff time tonight. >> that's right. >> it's a good thing nbc moved the kickoff to primetime. it's very important. >> arguably, the redskins could clinch today. i think it's also important to go back to the president's argument, that, you know, you have to be able to say yes to something that's reasonable. charles krauthammer and other conservatives argued that he's effectively exposed big internal divisions in the republican party that they have yet to work out, whi
this fiscal cliff, three budget standoffs. i mean, this congress has been uniquely atrocious. >> tom? >> the fact is the system is rigged. 75% of the congressmen come from gerrymandered districts in which they are bulletproof. they only play to one constituency. there are no swing states. they don't go home and have a case because they've got a choir back home. and that's a huge part of the problem here. there's another reality in this town today. we need a lighter moment here. a...
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although the senate's solution for the fiscal cliff passed by an overwhelming majority, the process has come to a screeching halt today on the house side. as jennifer johnson reports, the entire country is waiting to see what the house will do. a tense new year for house speaker john boehner, as he meets with fellow republicans, over whether to okay the fiscal cliff bill passed overwhelmingly by the senate. but gop lead verse not agreed to let the house vote or amend the bill. >> i think more members want this to pass than are willing to vote for it. you also have to be practical about what's the best deal you can get under the circumstances. >> reporter: vice president joe biden was back on the hill after helping to broker the senate deal. it spared the middle class a tax hike but raised taxes on those making over $400,000 a year. jobless benefits from extended for millions of unemployed but massive cuts to the military and other federal agencies were delayed for two months. democrats now the chance to vote on the bill as they say boehner promise. >> until now our speaker has head when
although the senate's solution for the fiscal cliff passed by an overwhelming majority, the process has come to a screeching halt today on the house side. as jennifer johnson reports, the entire country is waiting to see what the house will do. a tense new year for house speaker john boehner, as he meets with fellow republicans, over whether to okay the fiscal cliff bill passed overwhelmingly by the senate. but gop lead verse not agreed to let the house vote or amend the bill. >> i think...
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, will let us go over this so-called fiscal cliff? >> that's a really good question. it's one of the reasons i'm pretty excited about the fact we already acted. we acted several months ago to extend the tax cuts for all americans. we don't have to go over the cliff. there is a piece of legislation that has passed house, which is good-- >> schieffer: well, craig shirley, who is a republican operative tauthor, observer, was quoted as saying if we were in a parliamentary system, what happened to speaker boehner would have been viewed as a vote of no confidence. do you think speaker boehner ought to step aside and let somebody else try to get this done? >> speaker boehner will be the speaker next year, without any question. the onus right now is on senator reid and the president to come up with a solution, make it a piece of legislation, pass it through the senate, present it to the house, and let's get back to the bargaining table. the american people deserve for both houses to do something and ask the president to sign it. >> schieffer:
, will let us go over this so-called fiscal cliff? >> that's a really good question. it's one of the reasons i'm pretty excited about the fact we already acted. we acted several months ago to extend the tax cuts for all americans. we don't have to go over the cliff. there is a piece of legislation that has passed house, which is good-- >> schieffer: well, craig shirley, who is a republican operative tauthor, observer, was quoted as saying if we were in a parliamentary system, what...
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fiscal cliff bill, send it back to the senate for more action. that could be the kiss of death during this current session. many lawmakers on both sides of the aisle have grave concerns about this measure, the drama surrounding it, and their criticism is blunt. >> i wish i could say that this was a proud moment. a moment in which we started the year off right, in which the first of january was the first of a great many good things. it isn't. we're kicking the can down the road. >> we're about to have a hold your nose vote here in the house of representatives. and many of us are going to wrestle with the problem of making perfect be the enemy of the good. >> senator mitch mcconnell observed, quote, this shouldn't be the model for how we do things around here, end quote, and then the senate proceeded like a bull in a china closet anyway. the senate boasts, it is america's deliberative body. today, that claim rings hollow. >> this agreement represents absolutely the least we could have done under these circumstances and tragically, institutionalizes
fiscal cliff bill, send it back to the senate for more action. that could be the kiss of death during this current session. many lawmakers on both sides of the aisle have grave concerns about this measure, the drama surrounding it, and their criticism is blunt. >> i wish i could say that this was a proud moment. a moment in which we started the year off right, in which the first of january was the first of a great many good things. it isn't. we're kicking the can down the road. >>...
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time nearly up before we go over the fiscal cliff. senate leaders spent the weekend working on a last-ditch deal and the house comes back for a rare sunday session. president obama sat down with me in the blue room of the white house to discuss the way forward and his priorities for a second term. mr. president, welcome back to "meet the press." >> great to be here. thank you. >> the obvious question, are we going to go over the fiscal cliff? >> well, i think we'll find out in the next 48 hours what congress will decide to do. but i think it's important for the american people to understand exactly what this fiscal cliff is, because it's actually not that complicated. the tax cuts that were introduced in 2001, 2003, 2010, those were extended, and they are all about to expire at the end of the year. so on midnight, december 31st, if congress doesn't act, then everybody's taxes go up. and for the average family, that could mean a loss of $2,000 in income. for the entire economy, that means consumers have a lot less money to make purchas
time nearly up before we go over the fiscal cliff. senate leaders spent the weekend working on a last-ditch deal and the house comes back for a rare sunday session. president obama sat down with me in the blue room of the white house to discuss the way forward and his priorities for a second term. mr. president, welcome back to "meet the press." >> great to be here. thank you. >> the obvious question, are we going to go over the fiscal cliff? >> well, i think we'll...
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the senate passed the fiscal cliff deal with an overwhelming bipartisan vote. it was 89-8. want to bring in jessica yellin at the white house. you, too, were up late early in the morning here. the president, how does he feel things are going? we went over the cliff but clearly there's still more work to be done. >> reporter: well, look, they're not coming out and talking so they're being careful and letting the process unfold as it needs to. but there's a sense here that this deal will get done. and that they have wrapped up this -- this part of the process will be wrapped up today, suzanne. and you know, i'd say that there's also a sense here that the president did get a win. that's the view from this end of pennsylvania avenue. there are many different views on the other end. the sense here is that, for example, this is as they're saying in their talking points the first bipartisan agreement to raise taxes on the wealthy in 20 years. now, that is, in fact, an accomplishment for a democratic president they got a concession from the republican party to let taxes increase on
the senate passed the fiscal cliff deal with an overwhelming bipartisan vote. it was 89-8. want to bring in jessica yellin at the white house. you, too, were up late early in the morning here. the president, how does he feel things are going? we went over the cliff but clearly there's still more work to be done. >> reporter: well, look, they're not coming out and talking so they're being careful and letting the process unfold as it needs to. but there's a sense here that this deal will...
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the house of representatives is reconvening to consider the fiscal cliff deal. overwhelmingly approved by the senate in the wee hours of this new year. republicans meet at 1:00. the democrats are said to be going in now and that vice president joe biden who, of course, was key in making the senate deal happen, will be in that caucus, we're told. big questions, though, still outstanding. when might the house vote on this deal? can speaker boehner come up with the votes to pass it? or will republicans try to amend it and end send it back. good day. happy new year. i'm chris jansing. there are a lot of moving parts on capitol hill. let's get right to nbc's luke russert who is on the hill and where things stand. first, let's listen into the start of this session. >> the speakers are in washington d.c., january 1, 2013. i hereby hereby appoint the honorable robert j. dole to act as speaker in temporary on this day, signed john a. boehner, speaker of the house of representatives. >> the prayer will be offered by our chaplain father conroy. >> let us pray. eternal god,
the house of representatives is reconvening to consider the fiscal cliff deal. overwhelmingly approved by the senate in the wee hours of this new year. republicans meet at 1:00. the democrats are said to be going in now and that vice president joe biden who, of course, was key in making the senate deal happen, will be in that caucus, we're told. big questions, though, still outstanding. when might the house vote on this deal? can speaker boehner come up with the votes to pass it? or will...
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cliff, we'll talk to senator bernie sanders of vermont. where he thinks we're going next. >>> and coming up, david gregory's interview with president obama on "meet the press." our special coverage will continue after this. ♪ [ male announcer ] it started long ago. the joy of giving something everything you've got. it takes passion. and it's not letting up anytime soon. at unitedhealthcare insurance company, we understand that commitment. and always have. so does aarp, an organization serving the needs of americans 50 and over for generations. so it's no surprise millions have chosen an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they help cover some of the expenses medicare doesn't pay. and save you up to thousands in out-of-pocket costs. to find out more, request your free decision guide. call or go online today. after all, when you're going the distance, it's nice to have the experience and commitment to go along with you. keep dreaming. keep
cliff, we'll talk to senator bernie sanders of vermont. where he thinks we're going next. >>> and coming up, david gregory's interview with president obama on "meet the press." our special coverage will continue after this. ♪ [ male announcer ] it started long ago. the joy of giving something everything you've got. it takes passion. and it's not letting up anytime soon. at unitedhealthcare insurance company, we understand that commitment. and always have. so does aarp, an...
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next on "washington journal," we continue the conversation on the fiscal cliff followed by a
next on "washington journal," we continue the conversation on the fiscal cliff followed by a
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we have to try to avoid the biggest dive that we could take off the fiscal cliff. >> republicans are blaming democrats. you've heard the line, washington doesn't have a revenue problem, we have a spending problem. i want to play this from senator john thune and get your reaction. >> even if the president got everything he wanted, it generates -- next year alone, so the question is, what do we do for the other 358 days of the year? we have to do something on the spending side of the equation. >> if we look at just the spending -- what cuts would you support? >> the president has put forward and agreed to speaker boehner -- in meeting the republicans more than halfway, he's agreed to a dollar in revenue to a dollar in spending cuts. i mean, hundreds of billions in spending cuts, we voted for a trillion in spending cuts, richard, last summer with no revenue at all when we agreed to the debt ceiling deal that triggered this fiscal cliff fiasco. so we have put hundreds of billions, and we're willing to put more than a trillion in spending cuts. the republicans are still really leaving the
we have to try to avoid the biggest dive that we could take off the fiscal cliff. >> republicans are blaming democrats. you've heard the line, washington doesn't have a revenue problem, we have a spending problem. i want to play this from senator john thune and get your reaction. >> even if the president got everything he wanted, it generates -- next year alone, so the question is, what do we do for the other 358 days of the year? we have to do something on the spending side of the...
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this fiscal cliff, three budget standoffs. i mean, this congress has been uniquely atrocious. >> tom. >> the fact is that the system is rigged. 75% of the congressmen come from gerrymandered districts in which they're bulletproof. they only play to one constituencies. there are no swing states. they don't go home to have to prove their case because they've got a choir back home. that's a huge part of the problem. there's another reality in this town today. we need a lighter moment. a lot of folks as i was coming in today say they've got to get this done by kickoff time tonight. >> it's a good thing nbc moved kickoff time. >> david, i also think it's important to go back to the president's argument that, you know, you have to be able to say yes to something that's reasonable. charles krauthammer and other conservatives have argued that he's effectively exposed big internal divisions in the republican party that they have yet to work out which prevents them from getting to a reasonable place of compromise, to then move on to fig
this fiscal cliff, three budget standoffs. i mean, this congress has been uniquely atrocious. >> tom. >> the fact is that the system is rigged. 75% of the congressmen come from gerrymandered districts in which they're bulletproof. they only play to one constituencies. there are no swing states. they don't go home to have to prove their case because they've got a choir back home. that's a huge part of the problem. there's another reality in this town today. we need a lighter moment....
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the house had two bills that collectively can avert the entire fiscal cliff if enacted. those bills await action by the senate. >> the classic ping pong gridlock and no way out. >> it's important to know how far we have come in the last seven days. a week ago we were closer than we had seen before on a particular deal. john boehner made a big concession allowing tax cuts to rise on income over a million dollars. president obama countered with a big concession and saying that that should be $400,000 and have fixes to social security on costs of living adjustments on that. what ended up happening? john boehner retreated their plan b that mike viquiera was talking about that was unable to pass and now we are in the stalemate we are in now. we were closer than before. >> you touch on a good point. that's lost now in the media. we are going-over the cliff. last week they are $450 billion away from a deal. that's less than 1% of the federal spending over the next decade. in d.c. terms, 400 billion seems like a lot. that's a drop in the bucket in d.c. terms. it's amazing that s
the house had two bills that collectively can avert the entire fiscal cliff if enacted. those bills await action by the senate. >> the classic ping pong gridlock and no way out. >> it's important to know how far we have come in the last seven days. a week ago we were closer than we had seen before on a particular deal. john boehner made a big concession allowing tax cuts to rise on income over a million dollars. president obama countered with a big concession and saying that that...
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cliff, not just the taxes. >> o'donnell: and, nancy, if there is no deal, what happens next on monday? >> reporter: essentially we move to plan b, where senates democrat introduce their own plan in the senate that caps the bush tax cuts ap at $250,000 or less, extends long-term unemployment benefits, maybe imposing spending cuts to push off the sequester for six months or a year and we see if the republicans allow a straight up-or-down votes that only requires 50 senators to vote yes or if we have to go to a 60-vote threshold. democrats think they can get the seven republicans they need-- they think they might be able to get up to 10 who have signaled they could go along with something like this. that's not the end of the road. even if it passes, it has to go to the house and that's a tricky road as well. >> o'donnell: let's turn now to our senators who are here. senator durbin, you're the number two senator on the democratic side. how far apart are you with the republicans to reach a deal? >> well, i think there still is a chasm there. there's work to be done and not much time left.
cliff, not just the taxes. >> o'donnell: and, nancy, if there is no deal, what happens next on monday? >> reporter: essentially we move to plan b, where senates democrat introduce their own plan in the senate that caps the bush tax cuts ap at $250,000 or less, extends long-term unemployment benefits, maybe imposing spending cuts to push off the sequester for six months or a year and we see if the republicans allow a straight up-or-down votes that only requires 50 senators to vote...
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voted for the version of the fiscal cliff deal that the senate voted on last night? >> i haven't been part of those discussions. like most americans i find it very, very frustrating to watch it. it's not what we expected. i can tell you that. the spending is a problem. when i campaigned last year-and-a-half all across the state of nebraska what i heard from people was their concern about spending. that's not addressed in this bill. i thank the leader. i thank the vice president for coming together and putting forth part of the solution. in helping with tax relief for many americans. but that didn't go far enough. we have to address spending if we're really going to talk about the problem. >> woodruff: spending was a part of the discussion but the republicans were not able to agree with the spending cuts that were offered by the white house. where did everything go wrong in our opinion? >> i think you can also say the white house didn't agree with the spending cuts that were offered by the republicans. again we need to work together. we have to quit saying it's the re
voted for the version of the fiscal cliff deal that the senate voted on last night? >> i haven't been part of those discussions. like most americans i find it very, very frustrating to watch it. it's not what we expected. i can tell you that. the spending is a problem. when i campaigned last year-and-a-half all across the state of nebraska what i heard from people was their concern about spending. that's not addressed in this bill. i thank the leader. i thank the vice president for coming...
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the senate to vote within 90 minutes of the deal averting the fiscal cliff figuratively. we will go off the cliff of the nation because taxes will go up on january 1, spending cuts will essentially be ready to go into place january 1 but just the senate passed the deal and sent to the house and they passed it, this can be averted. my colleague rich edson live on capitol hill to explain why although there could be a vote tonight, this is far from a done deal. rich: absolutely. vice president joe biden who has been trying to influence senate democrats, many of them skeptical to support this deal he is negotiate with senate minority leader mitch mcconnell. they want this to be much lower rate is placed on the deal for individuals, $430,000 for married couples. what we're hearing now is the drafting is ongoing, national budget office is taking a look k at this to see exactly how much it is going to cost but as it is known with the impact of the deficit going to be, senator joe lieberman said a short while ago they will try to vote on this thing at some point this evening as w
the senate to vote within 90 minutes of the deal averting the fiscal cliff figuratively. we will go off the cliff of the nation because taxes will go up on january 1, spending cuts will essentially be ready to go into place january 1 but just the senate passed the deal and sent to the house and they passed it, this can be averted. my colleague rich edson live on capitol hill to explain why although there could be a vote tonight, this is far from a done deal. rich: absolutely. vice president joe...
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what can you tell us about this new fiscal cliff deal that president obama has sent over to senator leaders? >> well, the power of social media to get the word out. gop sources say in the conversation with the president, he indicated that he does have a bill he would like to bring forward to the hill today. they have not seen that. it would be a package to deal with averting the fiscal cliff. we can infer from that with what the president said before he went to the family vacation in hawaii that he wanted something that would be scaled down, not a massive grand bargain that would protect the current tax rate for people who earned less than $250,000 a year or perhaps a different figure if they reached that. but trying to protect the middle class. so officials here haven't seen it yet, but this is kind of today's volley in what has been this ongoing battle. house speaker john boehner has been saying the president must act and it appears the president is prepared to do that with another offer. and senate democrats would presumably be right on board with that. hopefully we will get details some
what can you tell us about this new fiscal cliff deal that president obama has sent over to senator leaders? >> well, the power of social media to get the word out. gop sources say in the conversation with the president, he indicated that he does have a bill he would like to bring forward to the hill today. they have not seen that. it would be a package to deal with averting the fiscal cliff. we can infer from that with what the president said before he went to the family vacation in...
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the house already passed legislation to avoid the entire fiscal cliff. senate democrats have not. there you go. the senators saying the house to act. the speaker's office saying senate has to act. there is pressure building on the president to bring both house, and senate, democratic leaders all four leaders into the white house today to bring leadership down, time is running it. let's come together. gregg: adds all new meaning to the word elementary school. ed henry, thanks very much. we're looking by the way on left-hand side of your screen live on the floor of the u.s. senate. don't you know, not much happening there. patti ann: all right. republican congressman louie gohmert is responding to those comments from senator reid that we just heard, firing back at accusations that republicans are refusing to compromise. let's listen. >> i can totally sympathize with reid's remark that he can not imagine our consciences in the house because you would have to have one to imagine ours. and he has shown repeatedly, over three years of no budget? come on. the guy has to have no conscienc
the house already passed legislation to avoid the entire fiscal cliff. senate democrats have not. there you go. the senators saying the house to act. the speaker's office saying senate has to act. there is pressure building on the president to bring both house, and senate, democratic leaders all four leaders into the white house today to bring leadership down, time is running it. let's come together. gregg: adds all new meaning to the word elementary school. ed henry, thanks very much. we're...
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the good news is the senate approved a fiscal cliff deal. the bad news is your taxes are going up regardless thanks to obamacare. and if you're over one of those horrible people who make over $400,000. five new taxes under obama care will start going into effect. affecting everything from health care costs to the cost of medical devices. the congressional budget office says there is a $1 trillion tax hike over the next decade. we're going to talk to one of the guys with medical devices and how they're going to be affected later. >> overnight two people gunned down in the middle of new year's celebrations. it happened in sacramento, california. people say a fight broke out in a restaurant and it spilled out into the street. three other people were injured. police haven't said if they arrested a shooter or not. >> the daughter of a prominent new york city doctor, and he's an occupy wall street organizer, both under arrest for having explosives and a document called a terrorist encyclopedia in their upscale manhattan apartment. 27-year-old morg
the good news is the senate approved a fiscal cliff deal. the bad news is your taxes are going up regardless thanks to obamacare. and if you're over one of those horrible people who make over $400,000. five new taxes under obama care will start going into effect. affecting everything from health care costs to the cost of medical devices. the congressional budget office says there is a $1 trillion tax hike over the next decade. we're going to talk to one of the guys with medical devices and how...
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otherwise, the so-called "fiscal cliff" looms on january 1. that's when automatic tax hikes and spending cuts go into effect. senate majority leader harry reid says even if something gets done now there may not be enough time to get it through congress. we'll just wait to see what happens. >> we have been waiting a long time. >> i know. >> hopefully the deadline will help. >>> we have a big holiday weekend and a wee bit of rain. >> that's this afternoon the right now it's cold. that's what we'll focus on in the meantime. cold temperatures are dipping below freezing now. look at fairfield, that's just dropped to 31 degrees. some people scraping some frost off their windshields this morning. 39 in vallejo. 35 santa rosa. so all that blue tells us it's chilly. and unfortunately by this afternoon, well, i guess it's fortunately if you like the cold weather, but it is going to be slightly cooler today than yesterday. a lot of low 50s. 52 santa rosa. only 50 in fairfield. a little more mild around the bay, 54 in oakland and fremont. as frank just me
otherwise, the so-called "fiscal cliff" looms on january 1. that's when automatic tax hikes and spending cuts go into effect. senate majority leader harry reid says even if something gets done now there may not be enough time to get it through congress. we'll just wait to see what happens. >> we have been waiting a long time. >> i know. >> hopefully the deadline will help. >>> we have a big holiday weekend and a wee bit of rain. >> that's this...
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but the lack of a deal to avert the fiscal cliff. >> the senator from texas. >> mr. president, we are here just hours before a looming deadline that is going to affect just about every american in some way and i do believe that both sides of the aisle and both sides of the rotunda want to come to a conclusion that will keep us from having what looks like a complete meltdown of governing in washington. someone asked the question in one of our conferences, when was the last time that congress was in session and voting between christmas and new year's. the answer was since 1970 there has not been such a session and it has actually happened only four times in the history of our country and two of those times were dealing with world war ii. so i think enormity of the issue is very clear. that's why we are here. i think we should have done this six months ago, a year ago. i think all of us agree that we shouldn't be here at this last hour still trying to negotiate a point at which so many americans are going to be more heavily taxed. i was pleased to see that the distingui
but the lack of a deal to avert the fiscal cliff. >> the senator from texas. >> mr. president, we are here just hours before a looming deadline that is going to affect just about every american in some way and i do believe that both sides of the aisle and both sides of the rotunda want to come to a conclusion that will keep us from having what looks like a complete meltdown of governing in washington. someone asked the question in one of our conferences, when was the last time that...
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lawmakers try to strike a deal to avoid the fiscal cliff. congress and the president on holiday break. some senators are expressing concern that a deal won't be met. if that happens households between 50 and 75,000 will see their taxes increase nearly $2400. households between half a million and a million would see an increase of $39,000. >>> as americans hit the road for holiday travel they'll be paying less at the gas pump. according to aaa, the national average is about $3.25 for a gallon of regular. that's down from a month ago >>> one item has made a big impact this holiday season. shoes are a top seller. the npd says the shoes are the most popular gift this season. experts say the trend makes sense because americans tend to give more practical gifts during economic downturns. send it back to you. >> erica ferrari. >> all right, erica. thanks. >> last check. >> santa is over the great wall of that. >> that's good timing. >> a billion and 100 million gifts already delivered. >> a billion -- i hope that's oneless for me. >> have you been
lawmakers try to strike a deal to avoid the fiscal cliff. congress and the president on holiday break. some senators are expressing concern that a deal won't be met. if that happens households between 50 and 75,000 will see their taxes increase nearly $2400. households between half a million and a million would see an increase of $39,000. >>> as americans hit the road for holiday travel they'll be paying less at the gas pump. according to aaa, the national average is about $3.25 for a...
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. >> senator, there's a lot of talk about the fiscal cliff shifting to the senate. that's where a solution should be worked on. what have you been heard from your leadership on that? >> well, i think that everyone is going back to the drawing boards. i had hoped that we would be able to take speaker boehner's plan b and work on that with the democrats, and then maybe come to terms before we broke for christmas. to make sure the tax increases that would occur at the end of the year won't -- and something that hasn't talked too much is it would make permanent the child tax credit, the marriage penalty relief, the amt relief, things that middle-class families need to continue. all of that will go you have if we don't do something by the end of the year. >> are you hearing from leadership it will be taken up, something does need to cobble together? >> i know our leader are trying. >>> what about vice president biden, you worked with him for 15 years. he and biden worked very well together in the fiscal negotiations last time. should you bring in biden into the conversat
. >> senator, there's a lot of talk about the fiscal cliff shifting to the senate. that's where a solution should be worked on. what have you been heard from your leadership on that? >> well, i think that everyone is going back to the drawing boards. i had hoped that we would be able to take speaker boehner's plan b and work on that with the democrats, and then maybe come to terms before we broke for christmas. to make sure the tax increases that would occur at the end of the year...
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cliff, but is that optimism justified even if the senate can can come together and craft a deal? a very big if at this point and what are the chances that house speaker john boehner can get members of his congress to go along with the deal. joining me now perry bacon and lynn sweet. i want to start with you because i read something that you wrote an article recently in which you said basically that the rumors of the tea party's demise have been greatly exaggerated noting their key role in refusing to go along with john boehner's tax plan to raise taxes on those making more than $1 million a year. the fiscal cliff debate has illustrated then during influence of the tea party and the power of the conservative party. boehner can't guarantee that his members won't face primary challenges from the right so there's little surprise they won't follow his lead. >> mcconnell's not going agree to something that all other republicans are opposed to because he's a republican, too, and he has to worry about a primary, potentially, as well. the core of this is a lot of people are asking why won
cliff, but is that optimism justified even if the senate can can come together and craft a deal? a very big if at this point and what are the chances that house speaker john boehner can get members of his congress to go along with the deal. joining me now perry bacon and lynn sweet. i want to start with you because i read something that you wrote an article recently in which you said basically that the rumors of the tea party's demise have been greatly exaggerated noting their key role in...
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chris wallace talks fiscal cliff with u.s. senators lindsey graham and diane feinstein. check your local listings for the times. >> arthel: with a possible agreement being worked on behind closed doors to avoid going over the fiscal cliff, one casualty could be the defense department. severe financial cuts could hit every branch of the armed services. peter doocy and minutes -- examines. >> he did not say the word sequester. it would automatically cut more than $100 billion from the budget next year, half from domestic programs programs and m defense programs. as the deadline draws close, experts are looking at them from a national security aspect and warning about their impact on the safety of our service members. >> it's going to affect the operational force that's deployed in terms of its ability to maintain its equipment, to get repair parts, and that forces deployed around the world. not just the force that's in afghanistan that's being reduced. it would impact on the training of the force and its preparedness to conduct other operations. >> white house officials ar
chris wallace talks fiscal cliff with u.s. senators lindsey graham and diane feinstein. check your local listings for the times. >> arthel: with a possible agreement being worked on behind closed doors to avoid going over the fiscal cliff, one casualty could be the defense department. severe financial cuts could hit every branch of the armed services. peter doocy and minutes -- examines. >> he did not say the word sequester. it would automatically cut more than $100 billion from the...
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i'm bret baier in washington covering the fiscal cliff issue as the senate democrats are meeting with vice president biden at this hour trying to finalize a deal. trying to move legislation forward that had been negotiated between vice president biden and senate republican leader, the minority leader mitch mcconnell. whether they can get the votes to pass the senate, whether that can then go to the house tomorrow and possibly get the votes to pass the thousand, those are all questions but one thing is clear, the u.s. is going technically over the fiscal cliff tonight set up at midnight. whether washington can stop the economic disaster that may come before wednesday when the markets would have the first chance to react to if something fell apart, that is really the question that the world is watching for. joining me now on the phone, chris stirewalt. you take on all of this as this back and forth has happened and what we are seeing tonight? >> bret, when we look back at how this started we think about the republicans coming back to town after the election, john boehner coming back and
i'm bret baier in washington covering the fiscal cliff issue as the senate democrats are meeting with vice president biden at this hour trying to finalize a deal. trying to move legislation forward that had been negotiated between vice president biden and senate republican leader, the minority leader mitch mcconnell. whether they can get the votes to pass the senate, whether that can then go to the house tomorrow and possibly get the votes to pass the thousand, those are all questions but one...
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that means the country is going over the fiscal cliff technically. as we have known congress to do before, you can have maneuvers by which they rewind the clock and if they go into tomorrow and they actually pass a piece of legislation they can rewind it to the point they need to be. some of the stipulations about the sequester and those are the across-the-board cuts do not kick in, until january 2nd so those are some of the things people are talking about. however, the biggest thing that everyone is talking about, are there really the votes to get this through? not only the senate, but, primarily, in the house of representatives? >> we know plan "b" which looked for tax hikes of earners over $1 million a year, so some of the framework, lowering to $450,000 joint filers so if you do not get $1 million passed in the house it is unlikely you will get $450,000 passed and the minority leader if the senate seemed near tears, senator mcconnell. it seems a mess. >>bret: speaker boehner, with only republicans, the plan "b" vote, that is what that was. this i
that means the country is going over the fiscal cliff technically. as we have known congress to do before, you can have maneuvers by which they rewind the clock and if they go into tomorrow and they actually pass a piece of legislation they can rewind it to the point they need to be. some of the stipulations about the sequester and those are the across-the-board cuts do not kick in, until january 2nd so those are some of the things people are talking about. however, the biggest thing that...
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earlier this morning, the senate passed a plan to fend off the fiscal cliff. the deal was crafted by vice president joe biden and the senate minority leader mitch mcconnell. the senate vote was overwhelming, 89-8. that say big vote these days. and the senarepublican controll house left well before midnight, they have to take up the matter today. >> our most important priority is protecting middle class families. this legislation does that. >> this shouldn't be the model for how we do things around here, but i think we've done some good for the country. >> this is what the deal means for you and your family. bush era tax cuts extended for individuals earning less than $400,000 a year, and couples earning less than $450,000. unemployment benefits extended for a year for 2 million americans and a permanent adjustment for inflation, for the alternative minimum tax. a pretty big deal. wondering about spending cuts, keep wondering, lawmakers deferred. they will fight over those cuts over the next two months, probably again and again and again. despite the progress o
earlier this morning, the senate passed a plan to fend off the fiscal cliff. the deal was crafted by vice president joe biden and the senate minority leader mitch mcconnell. the senate vote was overwhelming, 89-8. that say big vote these days. and the senarepublican controll house left well before midnight, they have to take up the matter today. >> our most important priority is protecting middle class families. this legislation does that. >> this shouldn't be the model for how we...
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america staring down the fiscal cliff. t-minus nine hours and counting and washington is wasting no time. senate minority leader mcconnell saying both sides are close to a deal. it's about time. >> my preference would have been to solve all these problems in the context of a larger agreement, a bigger deal, a grand bargain. whatever you want to call it. that solves our deficit problems in a balanced and responsible way. with this congress, that was obviously a little bit too much to hope for at this time. it may be we can do it in stages. >> there are a number of issues on which the two sides are still apart but negotiations are continuing as i speak. but we really are running out of time. >> the vice president and i have worked together on solutions before and i believe we can again. >> no holiday for the best political team around. a triple threat, luke russert and mike viqueira on the capitol hill and kristen welker from the white house. are you happy to be working on the holiday? >> it's fantastic. >> absolutely. >> so
america staring down the fiscal cliff. t-minus nine hours and counting and washington is wasting no time. senate minority leader mcconnell saying both sides are close to a deal. it's about time. >> my preference would have been to solve all these problems in the context of a larger agreement, a bigger deal, a grand bargain. whatever you want to call it. that solves our deficit problems in a balanced and responsible way. with this congress, that was obviously a little bit too much to hope...
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sfwloop the country hasn't officially gone over the fiscal cliff, but the uncertainty that senator barber boxer has talken about, may have already taken its toll. the dow is flat after it shed nearly 2% last week. the losses can pile up even more. according to the congressional budget office, the combination of dramatic spending cuts and tax hikes in the fiscal cliff could slow economic growth by a half a percentage point and send unemployment up to 9.1% over the course of 2013. the nonpartisan tax policy center calculate that is the average middle class family would see its tax rates -- its tax bills rise next year by $2,000. the fiscal cliff isn't the only thing rattling the economy. in just a few weeks lawmakers will begin battling over the debt ceiling. you may recall that in the summer of 2011 the debt limit standoff led to the first ever downgrade of the nation's credit rating. joining us now from capitol hill is cnbc's aman jabbers. appreciate you helping us make sense of all of this. >> happy new year. thank you for having me. >> on a less happy note, there are economists who are
sfwloop the country hasn't officially gone over the fiscal cliff, but the uncertainty that senator barber boxer has talken about, may have already taken its toll. the dow is flat after it shed nearly 2% last week. the losses can pile up even more. according to the congressional budget office, the combination of dramatic spending cuts and tax hikes in the fiscal cliff could slow economic growth by a half a percentage point and send unemployment up to 9.1% over the course of 2013. the nonpartisan...
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[video clip] >> they passed a fiscal cliff bill without senators to consider it. and more importantly, without giving the american people time to understand and share their insights. senator mitch mcconnell observant "this should not be the model for how we do things around here." and then they proceeded likable in a china closet anyway. they boasted they are the deliberative body. today that rings hollow. mr. speaker, the house must postpone the vote until congress and the american people have time to study and evaluate this extraordinarily complex legislation and its impact on taxes, revenue, the economy, and a myriad of other issues. it's better to get it right than to act in haste. if we vote on the fiscal cliff bill today, i will vote against it because this is not the way to do the people's business. i will not condone a process that denies the american people on opportunity to participate in their republic on issues of this magnitude. i yield back. >> to what purpose does the gentleman from morgan seek recognition. without objection, the gentleman is recogn
[video clip] >> they passed a fiscal cliff bill without senators to consider it. and more importantly, without giving the american people time to understand and share their insights. senator mitch mcconnell observant "this should not be the model for how we do things around here." and then they proceeded likable in a china closet anyway. they boasted they are the deliberative body. today that rings hollow. mr. speaker, the house must postpone the vote until congress and the...
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house speaker john boehner says the onus to avoid the fiscal cliff is now on the senate. this is a new poll shows the american people are quickly losing faith that a deal will get struck. imagine that. there is some good economic news in the forecast for 2013, we'll have that for you, and some more good news, a silver lining in a battle against childhood obesity. that report ahead as well when harris faulkner and i see you at the top of the hour. "happening now." gregg: you're full of good news. jon: trying to be, you know. gregg: one good news story after another, jon scott. jon: you got people digging out of a blizzard today, you've got a fiscal cliff coming. we've got to have good news somewhere, gregg. gregg: we'll tune in for your good news. jon scott thank you very much. patti ann: back to the bad news a fierce winter storm leaving travelers stranded and causing a lot of trouble in the northeast after hitting other parts of the country ain't is still not over. the latest on the storm's path. >> people are still driving a little too fast for the conditions. >> you co
house speaker john boehner says the onus to avoid the fiscal cliff is now on the senate. this is a new poll shows the american people are quickly losing faith that a deal will get struck. imagine that. there is some good economic news in the forecast for 2013, we'll have that for you, and some more good news, a silver lining in a battle against childhood obesity. that report ahead as well when harris faulkner and i see you at the top of the hour. "happening now." gregg: you're full of...
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-- off on the senate's fiscal cliff deal? rick: plus, iran kicking off the new year with a barrage of missile tests right near the most critical passageway for oil in the whole world. what's behind the rogue nation's latest saber rattling? heather: and a new year's selling brace, well, it turns into this, a tragedy, when shots ring out. what police say started all this. >> we all heard, um, two shots. >> pop, pop, pop, pop! felt like a glock. it was right there. >> right there in the corner of that bar. @ ♪ sing polly wolly doodle all the day ♪ ♪ hah @ heather: welcome back. a tragic new year's eve scene to tell you about. at least two people are now dead following a shooting at a fireworks show in sacramento, california. the shots rang out around 9 p.m., that's when a fight at a sports bar spilled out into the street leaving the crowd running for cover. >> we all heard, um, two shots. >> pop, pop, pop, pop. felt like a glock. it was right there. right there in the corner of that bar. >> right in front of us. it was, li
-- off on the senate's fiscal cliff deal? rick: plus, iran kicking off the new year with a barrage of missile tests right near the most critical passageway for oil in the whole world. what's behind the rogue nation's latest saber rattling? heather: and a new year's selling brace, well, it turns into this, a tragedy, when shots ring out. what police say started all this. >> we all heard, um, two shots. >> pop, pop, pop, pop! felt like a glock. it was right there. >> right there...
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the senate is back in session considering some legislation not related to the fiscal cliff today. i asked a spokesperson for senate democratic leader harry reid if all the democratic members would be here in town for a possible votes? he didn't get back to me. a spokesperson for the republican leader mitch mcconnell said however, that delays for republican senators are certainly possible. they got two of them in maine, harris. harris: right. the speaker is in ohio. so you have some pretty hard-hit areas. >> yeah. harris: what kind of advice are airport officials giving members of congress actually trying to get back to work? >> reporter: they're giving them the same advice we mere mortals get. take a listen. >> we would tell a member of congress the same thing we would tell any other traveler, check with their airline before they head to the airport to make sure their flight is on time. things in washington are in real good shape for their arrival. >> reporter: if there are any votes on the fiscal cliff later this week in the senate, the weather should be fine. that is system shou
the senate is back in session considering some legislation not related to the fiscal cliff today. i asked a spokesperson for senate democratic leader harry reid if all the democratic members would be here in town for a possible votes? he didn't get back to me. a spokesperson for the republican leader mitch mcconnell said however, that delays for republican senators are certainly possible. they got two of them in maine, harris. harris: right. the speaker is in ohio. so you have some pretty...
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the senate passed a bill on the fiscal cliff but does it solve the problem? if the house gives it's stamp of approval what does this peen for the economy? let's ask the policy maker lynn brooks. >> this is a stopgap measure for the tax hikes that take place today. some of it revisited in a few months. some parts would be permanent if the house passes it such as the tax rates? >> that's right. ever since 2001 when we first passed this it was temporary. that's why we are having the cuts now and having it today. it is hard to grow and invest when you don't know what the income tax rate is going to be. you don't know what the debt tax is going to be. this is one positive thing on the bill the spending side is a different story. it's a step in the right direction on tax polil but in terms of spending it gets us nowhere in the right direction. which hit our debt ceiling we will be talking this the next few months. the bill doesn't have a lot of spending cuts into it on balance it increases spending explain some of the areas where it does that. >> the big part of th
the senate passed a bill on the fiscal cliff but does it solve the problem? if the house gives it's stamp of approval what does this peen for the economy? let's ask the policy maker lynn brooks. >> this is a stopgap measure for the tax hikes that take place today. some of it revisited in a few months. some parts would be permanent if the house passes it such as the tax rates? >> that's right. ever since 2001 when we first passed this it was temporary. that's why we are having the...
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by noon on thursday and avert the fiscal cliff. obviously the holiday is over tomorrow. the markets are open. people are back to business and earning paychecks. paychecks that will be taxed at a much higher rate. >> the question is if speaker boehner will violate the rule, will he bring this bill to the floor and not have majority. >> that's still a question. >> but still get the bill passed. >> stand by. we will continue to discuss these latest developments coming out of the house and whether or not this bill coming from the senate, 89-8 will be taken up on the floor. stay with us. but, i didn't always watch out for myself. with so much noise about health care... i tuned it all out. with unitedhealthcare, i get information that matters... my individual health profile. not random statistics. they even reward me for addressing my health risks. so i'm doing fine... but she's still going to give me a heart attack. we're more than 78,000 people looking out for more than 70 million americans. that's health in numbers. unitedhealthcare.
by noon on thursday and avert the fiscal cliff. obviously the holiday is over tomorrow. the markets are open. people are back to business and earning paychecks. paychecks that will be taxed at a much higher rate. >> the question is if speaker boehner will violate the rule, will he bring this bill to the floor and not have majority. >> that's still a question. >> but still get the bill passed. >> stand by. we will continue to discuss these latest developments coming out...
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real nut he's cutting it short, heading home later this week to bu heading hothe fiscal cliff as well. lor:lor: nancy, the white house ouses they have a much better chance dealing with reid as opposed to boehner? >> well, jeff, essentially they're hoping-- democrats are-- that republicans will consider piis plan even if they don't rike it the last train leaving the station so that even if this is not the package that republicans would have chosen, en,t they'll vote for it anyway vote fe otherwise taxes will go taxor everyone on january 1. >> glor: nancy cordes in hawaii. nancy, thank you. the fiscal cliff could mean severe cutbacks and layoffs in cliff couelds, like many medical research. that's forcing leaders to make mugh choices right now. here's wyatt andrews. he andreporter: professor kerri mowen, like hundreds of medical kerearchers, has already fallen off the fiscal cliff. her budget-- which relies on of federal grants-- is being cut by - % now as the n.i.h.-- the national institutes of health-- prepares for the possibility of utes of hes later. >> it's much bigger than just my
real nut he's cutting it short, heading home later this week to bu heading hothe fiscal cliff as well. lor:lor: nancy, the white house ouses they have a much better chance dealing with reid as opposed to boehner? >> well, jeff, essentially they're hoping-- democrats are-- that republicans will consider piis plan even if they don't rike it the last train leaving the station so that even if this is not the package that republicans would have chosen, en,t they'll vote for it anyway vote fe...
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john thune says the senate should have acted months ago to keep the economy going off the fiscal cliff. >> i just find it really hard to sit and listen to people come up now and wring their hands and talk about gee whiz, you know, i really hope we can get something done here in the last day as we put two people together, basically, to resolve. this. >> the two people were senate republican leader mitch mcconnell and vice president joe biden who worked the phones late last night and early this morning after talks between mcconnell and majority leader harry reid stalled. >> discussions continued today on a plan to protect middle class families from tax increase tomorrow. there are a number of issues on which the two sides are still apart, negotiations are continuing as i speak. >> the agreement would set the threshold for extending the bush tax cuts at $400,000 for individuals and $450,000 for families. it would set the tax rate on upper income people at 39.6%. the rate under former president bill clinton. estates would be taxed at 40% above $5 million for individuals, and $10 million fo
john thune says the senate should have acted months ago to keep the economy going off the fiscal cliff. >> i just find it really hard to sit and listen to people come up now and wring their hands and talk about gee whiz, you know, i really hope we can get something done here in the last day as we put two people together, basically, to resolve. this. >> the two people were senate republican leader mitch mcconnell and vice president joe biden who worked the phones late last night and...
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arizona senator jon kyl says the democrats want to spend in the fiscal cliff deal and believes the tax revenue will be the same and that's not solving anything. >>> raising taxes to pay for new spending is not something that republicans believe this debate ought to be about. it ought to be reducing the deficit and debt and what they're suggesting is we want new taxes, higher taxes, from people in this country. >> we learned a few moments ago harry reid made a counter offer but he didn't say what it was. we're working it. >> we're waiting. when he comes to the podium we'll go live. >> the democrat side, the change in entitlement irritated them. >> the republican's request included a way of calculating inflation that loser recipients of social security. democrats were willing to do that as part of a $4 trillion massive deal but democratic aides said as part of this deal, the change would be a poison pill. >> 36 hours left until the country goes over the cliff. i remain hopeful but relatistic about the prospects. at some point the negotiating process, it becomes obvious when the other sid
arizona senator jon kyl says the democrats want to spend in the fiscal cliff deal and believes the tax revenue will be the same and that's not solving anything. >>> raising taxes to pay for new spending is not something that republicans believe this debate ought to be about. it ought to be reducing the deficit and debt and what they're suggesting is we want new taxes, higher taxes, from people in this country. >> we learned a few moments ago harry reid made a counter offer but he...
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. >> we're in the home stretch for the fiscal cliff, but is there still hope? senator sheldon whitehouse and representative january schakowsky a lot of the latest on today's high-stakes meeting at the white house. and robert reich on the sad shame of this year's do-nothing congress. the gun violence continues in chicago. tonight, the reverend jesse jackson on the city's grim milestone of 500 homicides in one year. and it's nearly 2013, but attitudes on race remain two centuries behind. >> the way i look at it, it's freedom of speech. >> the reverend marcia dyson, and the president of the national urban league on the fresh bigotry of supposed post-racial america. >>> with three days left before the start of the new year, it's put up or shut up time for congressional leaders. president obama addressed reporters from the white house this evening. roughly an hour after meeting with leaders of the house and senate. >> i still want to get this done. it's the right thing to do for our families, for our businesses, and for our entire economy. but the hour for immediate
. >> we're in the home stretch for the fiscal cliff, but is there still hope? senator sheldon whitehouse and representative january schakowsky a lot of the latest on today's high-stakes meeting at the white house. and robert reich on the sad shame of this year's do-nothing congress. the gun violence continues in chicago. tonight, the reverend jesse jackson on the city's grim milestone of 500 homicides in one year. and it's nearly 2013, but attitudes on race remain two centuries behind....
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the president has called on him to address the fiscal cliff. he is upset because we all know in july this year we passed an intra this tenant americans. that passes the senate. we know the republicans have. themselves and roadblocks and everything we tested to a round here. how does're saying, the american people react to that? >> we move to plan b, the debacle of all debacle's. the mother of all debacle's. that was brought up and an effort to send us something. he cannot even pass set among republicans it was so absurd. is there ever clearer, the speaker's no. 1 goal is to be elected on and take your third it. the house is not even here. >> they do not even have enough leadership here to talk to but it. the have done it with, but calls. spread across all and run the country because obama was elected of a surplus of 30 million votes, he won the election. he campaigned on this issue. again, the speaker cannot take yes for an answer. the president has presented to him something that will prevent us from zero going -- it going over the cliff. was
the president has called on him to address the fiscal cliff. he is upset because we all know in july this year we passed an intra this tenant americans. that passes the senate. we know the republicans have. themselves and roadblocks and everything we tested to a round here. how does're saying, the american people react to that? >> we move to plan b, the debacle of all debacle's. the mother of all debacle's. that was brought up and an effort to send us something. he cannot even pass set...
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. >> reporter: house speaker john boehner is promising a quick vote on the fiscal cliff bill passed early this morning in the senate or an amended alternative. baner has not endorse -- boehner has not endorsed the agreement which may face opposition from conservative lawmakers in the house. vice president joe biden negotiated a deal with senate republicans over the weekend. the agreement makes bush era tax cuts permanent for individuals making under $400,000 a year and families making under $450,000. it also postpones harsh across- the-board spending cuts for a few months. >> this shouldn't be itself model for how we do -- be the model for how we do things around here but i think we can say we've done some good for the country. >> families will make up today to the assurances their taxes won't go up $2200 each. >> reporter: president obama praised the senate agreement and urged the house to act without delay. capitol hill is quiet right now after an unprecedented late night. normally these halls would stay empty on new year's day but both the house and senate are in session with billions
. >> reporter: house speaker john boehner is promising a quick vote on the fiscal cliff bill passed early this morning in the senate or an amended alternative. baner has not endorse -- boehner has not endorsed the agreement which may face opposition from conservative lawmakers in the house. vice president joe biden negotiated a deal with senate republicans over the weekend. the agreement makes bush era tax cuts permanent for individuals making under $400,000 a year and families making...
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we expect them to take up that new senate fiscal cliff bill that was passed in the wee hours of the morning. but a lot of democrats and republicans are kind of holding their noses this morning. >> it does not address the number one priority, creating good middle class jobs now. >> i don't love it, but i think it is a very good job of negotiating where there are some wins and some losses, and it's about even. >> it's not even a small ball, it's a ping pong ball of a proposal. so, i think it's awful. >> let's bring in jonathan clicho, communications director of "american crossroads," also democratic strategist richard goodstein. happy new year, guys. good morning. >> same to you, chris. >> happy new year, chris. >> what do you think of this deal? >> look, having everybody on both sides belly ache about it is going to be the name of the game for a couple reasons. one, we have a divided government. people shouldn't kid themselves when the republicans are controlling the house, democrats control the senate and the white house. this is going to be the new normal, and it has been. we've seen anyth
we expect them to take up that new senate fiscal cliff bill that was passed in the wee hours of the morning. but a lot of democrats and republicans are kind of holding their noses this morning. >> it does not address the number one priority, creating good middle class jobs now. >> i don't love it, but i think it is a very good job of negotiating where there are some wins and some losses, and it's about even. >> it's not even a small ball, it's a ping pong ball of a proposal....
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the senate has been meeting, but on matters unrelated to the fiscal cliff. the house will not meet until sunday, it looks like. there was a particularly pointed comment yesterday from senate majority leader harry reid aimed at republican house speaker john boehner. >> the american people i don't think understand the house of representatives is operating without the house of representatives. it's being operated with a dictatorship of the speaker, not allowing the vast majority of house of representatives to get what they want. >> here was the speaker's response to that comment. senator reid should talk less and legislate more. the house already passed legislation to avoid the entire fiscal cliff. senate democrats have not. now, this will bring us back to the price of milk. this is not technically part of the fiscal cliff, but it's because congress was not able to pass a farm bill this year. because of some strange 1949 price supports, the price of milk could skyrocket at your local grocery store. could go up a few dollars gallon if we revert back to that 1949
the senate has been meeting, but on matters unrelated to the fiscal cliff. the house will not meet until sunday, it looks like. there was a particularly pointed comment yesterday from senate majority leader harry reid aimed at republican house speaker john boehner. >> the american people i don't think understand the house of representatives is operating without the house of representatives. it's being operated with a dictatorship of the speaker, not allowing the vast majority of house of...
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if we get a small deal before we go over the fiscal cliff, either because harry reid and mitch mcconnell come to a deal in the senate, or because democrats jam the republicans in congress, it's mostly going to be about extending the bush tax cuts for the middle class, which will mean letting them expire for the rich. that will net somewhere around $600 billion in new tax revenue. the white house will pocket that. they will have got in three quarters of what they wanted last year, before even the negotiations had really kicked off. then we're going to go over the cliff and the pressure will mount quickly to strike another deal. republicans are still going to want entitlement cuts sop the white house will insist that the next deal include a dollar in tax increases for every dollar in spending cuts. so in that next deal, image republicans want $800 billion in spending cuts, a number of they've kicked around before. democrats will say they need that much in taxes, too. and because they've already raised rates, they got those middle class tax cuts extended, and the rich ones expired, they'll
if we get a small deal before we go over the fiscal cliff, either because harry reid and mitch mcconnell come to a deal in the senate, or because democrats jam the republicans in congress, it's mostly going to be about extending the bush tax cuts for the middle class, which will mean letting them expire for the rich. that will net somewhere around $600 billion in new tax revenue. the white house will pocket that. they will have got in three quarters of what they wanted last year, before even...
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if we can, we will take you back to comment on the senate side on the fiscal cliff. >> mr. speaker, if you cannot have cookies without milk. tax reform and spending cuts, not one without the other. that was the comment on my facebook page from mike in texas. the american people get it. government does not because washington is addicted to spending someone else's money. the house has passed two bills to avert the fiscal cliff. the senate is missing in action. in august, we passed into a partisan bill, an extension of current rates for all americans through the end of 2013. the week before christmas, the house passed legislation to avoid sequestration by cutting spending. as usual, both bills lie in the graveyard of the senate. it is time for the senate to get serious about the root of the problem, spending. we got here by spending too much, not taxing too little. that is just the way it is. >> for what purpose does the gentleman from ohio rise? without objection, the gentleman is recognized for one minute. >> the anasazi were the cliff dwellers that build extraordinary place
if we can, we will take you back to comment on the senate side on the fiscal cliff. >> mr. speaker, if you cannot have cookies without milk. tax reform and spending cuts, not one without the other. that was the comment on my facebook page from mike in texas. the american people get it. government does not because washington is addicted to spending someone else's money. the house has passed two bills to avert the fiscal cliff. the senate is missing in action. in august, we passed into a...
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i do not believe this congress is going to be able to deal with the fiscal cliff. the next congress, unless they reform senate filibuster rules and also -- and you can tell me whether this is a dream come true -- what if nancy pelosi and john boehner kind of got together and nancy pelosi told boehner he could bring the votes for his speakership and then maybe together could isolate the tea party section of his group and take away some of the radical left of her group and bring the moderates together, support him for speakership. me, being a democrat, i would not get everything i want, but the republicans would get everything they wanted. by the time re-election came up they would have seen there was a lot of progress made and maybe they could not run primaries on those guys that decided to run to the middle with policy they laid out together. host: thank you for the call. guest: so many things. basically, you are assuming that john boehner would be elected speaker in a democratic house. it is not likely that they would give him their votes. it is far more likely, q
i do not believe this congress is going to be able to deal with the fiscal cliff. the next congress, unless they reform senate filibuster rules and also -- and you can tell me whether this is a dream come true -- what if nancy pelosi and john boehner kind of got together and nancy pelosi told boehner he could bring the votes for his speakership and then maybe together could isolate the tea party section of his group and take away some of the radical left of her group and bring the moderates...
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the house has already acted on a bill to avert the fiscal cliff. democrats have no intention of taking up that house bill, which would extend all of the tax cuts into 2013. the approximated says he's not going to do that. plus a senate democrat leader told me there is a possibility of extending tax cuts for those under $250 thoid, but turning off the automatic across the board budget cuts. that will be a temporary measure. and finally, president obama has returned from his vacation in hawaii to try to kick start those talks. but the white house officials tell me there are no signs of progress yet. they have to hope that when members come back to washington on the 27th, that is thursday wblg that both the president, democrats in the senate, republicans in the senate and then both parties in the house can come together on at least a short-term deal. back to you. >> a short-term deal. joining us now is tim stanley, a u.s. historian at oxford university. welcome. >> good morning. >> we've been following this together for the last several months. how do
the house has already acted on a bill to avert the fiscal cliff. democrats have no intention of taking up that house bill, which would extend all of the tax cuts into 2013. the approximated says he's not going to do that. plus a senate democrat leader told me there is a possibility of extending tax cuts for those under $250 thoid, but turning off the automatic across the board budget cuts. that will be a temporary measure. and finally, president obama has returned from his vacation in hawaii to...
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happy new year. >> and to you, joe. >>> the senate missed the fiscal cliff deadline and it's not clear what the house will do. how are americans viewing the latest stalemate in washington? alison kosik taking the pulse of the public and with the clock running it's only appropriate she's at a new york diner. >> reporter:s that great diner because it doesn't only have people in here from new york but all across the country. we're getting lots of different opinions. the one comment seems to be frustration. >> definitely. i know that this morning they just delayed the decision again. a lot of it has to do with people being uninform ed. you can vote but realistically our options are pretty slim and that's kind of how i'm feeling. >> reporter: what about the option of voeting in the next election? >> there is that option but the candidates, i feel like it's a lose-lose in everything. >> reporter: what are your thoughts on what got done or away is getting done? is it enough? >> definitely not. it's just big fancy speeches and police cat rhetoric and it's day after day. it's easy to not pay at
happy new year. >> and to you, joe. >>> the senate missed the fiscal cliff deadline and it's not clear what the house will do. how are americans viewing the latest stalemate in washington? alison kosik taking the pulse of the public and with the clock running it's only appropriate she's at a new york diner. >> reporter:s that great diner because it doesn't only have people in here from new york but all across the country. we're getting lots of different opinions. the one...
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senate's top leaders are negotiating today, they are hoping to avert a slide off that fiscal cliff. they've got until new year's day to reach a budget deal or taxes for everybody will go up and 2 million unemployed workers will lose their jobless benefits. >>> the u.s. embassy has offered its condolences after the death of a young woman gang raped died. doctors say she died peacefully at the singapore hospital where she was being treated. authorities have added murder charges against the six suspects arrested in the rape case. the charges are expected to be filed thursday. >>> angry protesters have been demanding justice and more protection for women and police expect those demonstrations are likely to grow in the days to come. >>> authorities have charged a woman with providing a convicted killer with the weapons he used in that christmas eve ambush i
senate's top leaders are negotiating today, they are hoping to avert a slide off that fiscal cliff. they've got until new year's day to reach a budget deal or taxes for everybody will go up and 2 million unemployed workers will lose their jobless benefits. >>> the u.s. embassy has offered its condolences after the death of a young woman gang raped died. doctors say she died peacefully at the singapore hospital where she was being treated. authorities have added murder charges against...
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i want to bring in tom foreman on the fiscal cliff. the emerging deal that's out there, no deal yet, and no deal until it's finalized, not only in the senate, as you know, tom, but the house of representatives and signed into law by the president. >> there's so many contentious details here. any one of them might trip this up, but there are two big pillars we're talking about today more than anything else. the first one seems to have been successful. it has to do with the idea of where you're going to put the threshold for maintaining the bush tax cuts. the republicans wanted to maintain the bush tax cuts for everyone. the white house said no, not for everyone. we want to do it for middle income people, but wealthier people can pay more. the president wanted to say anybody making over $250,000 as a couple in this country should pay more. they should go to a higher level of tax rates. however, the republicans by and large said they didn't want anybody to pay more taxes, but some said, if you're going to pay more, let's make it a million
i want to bring in tom foreman on the fiscal cliff. the emerging deal that's out there, no deal yet, and no deal until it's finalized, not only in the senate, as you know, tom, but the house of representatives and signed into law by the president. >> there's so many contentious details here. any one of them might trip this up, but there are two big pillars we're talking about today more than anything else. the first one seems to have been successful. it has to do with the idea of where...
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>>> still no signs of a deal in the senate right now on how to avert the fiscal cliff. let's bring back the senior editor of "the new republic" and author of "the escape artists, how obama's team fumbled the recovery" and ed o'keefe congressional reporter for the "washington post." thanks to both of you for coming back here. ed, do you think the deal is dead right now? >> no, by no means. as we understand it, negotiations are continuing. right now both parties in the senate are meeting behind closed doors to discuss what was going on and what they may or may not be able to agree to as you've reported throughout the hour. mitch mcconnell has reached out to vice president biden, two experienced legislative hands who have worked together on these types of deals before. if anyone at this late hour could get a deal done it would likely be these two. keep in mind, no matter what deal is crafted on in the senate, voted on tonight and tomorrow morning it still has to get passed here in the house where i'm standing right now. we were talking to tom cole a little while ago on the
>>> still no signs of a deal in the senate right now on how to avert the fiscal cliff. let's bring back the senior editor of "the new republic" and author of "the escape artists, how obama's team fumbled the recovery" and ed o'keefe congressional reporter for the "washington post." thanks to both of you for coming back here. ed, do you think the deal is dead right now? >> no, by no means. as we understand it, negotiations are continuing. right now...
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known all along the fiscal cliff is looming, yet the deadline spurs action. not a done deal. still a chance we head over the cliff. here is what has to happen. mitch mcconnell and harry reid have to come to agreement. by tomorrow, possibly. have something they can vote on in the senate tomorrow night or possibly even monday. send it to the house of representatives where the president says the house speaker john boehner should put it on the floor, regardless if it gets the majority of the majority. that's the traditional way of doing things. the president said if any of the process fails, any of the steps along the way we outline, a senate agreement, vote in the senate, moving to the house, if it fails, the president wants a basic bill on the floor that sets those income levels at $250,000 above, to have everyone have their taxes rice rice. a lot of ifs and but, a flurry of last-minute activity, focused on the congressional leaders in the wes wing of the white house. >> like you said it will take a badda bing, badda boom to get this done. >>> joining me now is ed o'keefe and s
known all along the fiscal cliff is looming, yet the deadline spurs action. not a done deal. still a chance we head over the cliff. here is what has to happen. mitch mcconnell and harry reid have to come to agreement. by tomorrow, possibly. have something they can vote on in the senate tomorrow night or possibly even monday. send it to the house of representatives where the president says the house speaker john boehner should put it on the floor, regardless if it gets the majority of the...
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let's get to work. >>> congress is talking fiscal cliff today, although the senate convened earlier this afternoon there is no deal in sight as yet. elliott engle is a democratic congressman from new york and he joins me live now from washington. thank you very much for being with us, representative. >> thank you, my pleasure. >> so from your perspective, why are the talks at a stand still now at this crucial time with literally hours left? >> well, of course, john boehner, the speaker, has said that he wants the senate to work out a deal and that if they work one out, they will send it to the house and we will deal with it then. so, they are busy working it out. you have negotiations at the last minute i zrnt have to be this way, shouldn't be this way, anything possible, i think we will pull it out. >> why do you think that? what gives you any level of optimism, given not just today but this problem has been around for a year and a half, if not longer and nothing's been done. >> well, i've been around this place now for 24 years and the general dynamics, i think, we for some reason wait
let's get to work. >>> congress is talking fiscal cliff today, although the senate convened earlier this afternoon there is no deal in sight as yet. elliott engle is a democratic congressman from new york and he joins me live now from washington. thank you very much for being with us, representative. >> thank you, my pleasure. >> so from your perspective, why are the talks at a stand still now at this crucial time with literally hours left? >> well, of course, john...
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no senate vote on the fiscal cliff tonight. that just from majority leader harry reid. they cannot agree. cannot agree on a counter offer at this point from the democrats. after a day of last minute negotiations to avoid tax hikes and spending cuts set to go into effect the day after tomorrow. chief congressional correspondent mike emanuel very busy tonight. it's almost coming apart. >> that's right. there's a lot of dis agreement on both sides. republicans say they would like to see any tax revenue that comes out of a fiscal cliff deal used to pay down our trillion dollars deficits. retiring republican senator from arizona, jon kyl, said the democrats want to spend $600 billion and he believes the new tax revenue will be about the same am. to he says not solving anything. for from senator to an today. >> raising taxes to pay for new spending is not something republicans believe this debate ought to be about. it ought to be about reducing the deficit and debt. they're suggesting we want new taxes, higher taxes on people in this country to pay for new spending. >> republ
no senate vote on the fiscal cliff tonight. that just from majority leader harry reid. they cannot agree. cannot agree on a counter offer at this point from the democrats. after a day of last minute negotiations to avoid tax hikes and spending cuts set to go into effect the day after tomorrow. chief congressional correspondent mike emanuel very busy tonight. it's almost coming apart. >> that's right. there's a lot of dis agreement on both sides. republicans say they would like to see any...
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two hours left from the fiscal cliff. the revelers are ready to party, and we are here for you all night. back to the programming totion e that injunction against the contraceptive mandate? >> it is a surprisingri, pringlehey lt be >> a christian-based company, and they think that that is part of their credo, and 10mandment l commandments, the golden rule. the living hearing purchase pilt will kill babies. we are not going to do it. but the circuit court, the appeals court said we are going to hold up that ruling against it. in this particular case, the court says you are right that your religious exercise is something limited. you can still were shut and you say to that you are limited wit. rtgard to obamacare.ou now come the ccuit court is saying nothing can happen until the appeal is theard. lou: as you say, well, -- it iss a short odds proposition to have got the injunction. how long are the odds to move to the supreme court? >> i think the odds are not good. o o end, they are ensuring that the catholic organizationsc
two hours left from the fiscal cliff. the revelers are ready to party, and we are here for you all night. back to the programming totion e that injunction against the contraceptive mandate? >> it is a surprisingri, pringlehey lt be >> a christian-based company, and they think that that is part of their credo, and 10mandment l commandments, the golden rule. the living hearing purchase pilt will kill babies. we are not going to do it. but the circuit court, the appeals court said we...
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fiscal cliff. got less than three days to go now, folks. at the same time in his weekly address today, the president says he's preparing a plan of action if no deal is reached. >> if an agreement isn't reached on time, then i'll urge the senate to hold an up or down vote on a basic package that protects the middle class from an income tax hike, extends vital unemployment insurance for americans looking for a job, and lays the ground work for future progress on more economic growth and deficit reduction. >> republicans say they want a deal as well, but they highlighted their biggest sticking points today in their weekly address. listen now to missouri senator roy blount. >> senate democrats have spent months drawing partisan lines in the sand. the president's proposal to raise tax on the top 2% of americans won't even pay one-third of the annual interest that's now owed on this massive $16 trillion debt. in fact, the president's tax hike would only fund the government for eight days. >> the senate i
fiscal cliff. got less than three days to go now, folks. at the same time in his weekly address today, the president says he's preparing a plan of action if no deal is reached. >> if an agreement isn't reached on time, then i'll urge the senate to hold an up or down vote on a basic package that protects the middle class from an income tax hike, extends vital unemployment insurance for americans looking for a job, and lays the ground work for future progress on more economic growth and...
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. >> we went over the fiscal cliff. yep at midnight and then just a couple hours later, the senate came up with a solution. now it's off to the house. the house has to sign off. they will get back to work this afternoon. what's in the deal? well, it starts with the new income tax threshold. those folks agreed to let the taxes go up but only on the family who is make over $450,000 in combined income. the itemized deductions will also be capped at $300,000 for families. and the estate tax, that was a big sticking point for lawmakers, and now the tax rate goes up to 40% for estates that are valued over $5 million. so if you're under $5 million, you skated there too. other key points are an extension of the long-term unemployment benefits. the renewal of tuition and child care tax credits and then something called the doc fix. it reimburses doctors who take medicare patients. and what about the automatic spending cuts that were supposed to go into effect today? doomsday, yikes. they put those off. but only for two months. t
. >> we went over the fiscal cliff. yep at midnight and then just a couple hours later, the senate came up with a solution. now it's off to the house. the house has to sign off. they will get back to work this afternoon. what's in the deal? well, it starts with the new income tax threshold. those folks agreed to let the taxes go up but only on the family who is make over $450,000 in combined income. the itemized deductions will also be capped at $300,000 for families. and the estate tax,...
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fiscal cliff. here's what both sides are considering in a potential deal right now. an increase in tax rates for families making over $450,000 a year. extending unemployment benefits. and an increase in the estate tax. the president seemed hopeful but cautious when he addressed the american people earlier today. >> today, it appears that an agreement to prevent this new year's tax hike is within sight. but it's not done. there are still issues left to resolve. but we're hopeful that congress can get it done. but it's not done. >> let's get straight to our chief white house correspondent jessi jessica yellin. she's over at the white house with the very latest. the president seems pretty optimistic that it's within a few hours we could have a deal, right? >> reporter: wolf, the people i just spoke to here say they are no more or less optimistic than they were this morning. which is to say they are not cueing the confetti just yet. senator mitch mcconnell, the republican leader on the hill, is still t
fiscal cliff. here's what both sides are considering in a potential deal right now. an increase in tax rates for families making over $450,000 a year. extending unemployment benefits. and an increase in the estate tax. the president seemed hopeful but cautious when he addressed the american people earlier today. >> today, it appears that an agreement to prevent this new year's tax hike is within sight. but it's not done. there are still issues left to resolve. but we're hopeful that...